Daiwa Securities Group Inc. Has $3.37 Million Holdings in AECOM (NYSE:ACM)

Daiwa Securities Group Inc. raised its position in shares of AECOM (NYSE:ACM) by 22.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,200 shares of the construction company’s stock after buying an additional 7,000 shares during the period. Daiwa Securities Group Inc.’s holdings in AECOM were worth $3,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Texas Permanent School Fund Corp raised its position in AECOM by 13.5% in the 2nd quarter. Texas Permanent School Fund Corp now owns 135,163 shares of the construction company’s stock valued at $11,913,000 after purchasing an additional 16,116 shares during the last quarter. Choreo LLC bought a new position in shares of AECOM in the second quarter valued at about $272,000. Quest Partners LLC lifted its position in AECOM by 15.2% during the 2nd quarter. Quest Partners LLC now owns 30,551 shares of the construction company’s stock worth $2,693,000 after buying an additional 4,022 shares in the last quarter. Ballentine Partners LLC grew its holdings in AECOM by 16.1% during the 2nd quarter. Ballentine Partners LLC now owns 3,834 shares of the construction company’s stock worth $338,000 after acquiring an additional 533 shares during the last quarter. Finally, Caprock Group LLC increased its position in AECOM by 7.2% in the 2nd quarter. Caprock Group LLC now owns 2,562 shares of the construction company’s stock valued at $226,000 after acquiring an additional 173 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

Analysts Set New Price Targets

ACM has been the topic of a number of research reports. UBS Group upped their target price on shares of AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Barclays increased their price objective on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. KeyCorp boosted their target price on AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Royal Bank of Canada raised their price target on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Citigroup cut their target price on shares of AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $105.00.

AECOM Stock Up 0.8 %

NYSE:ACM opened at $96.55 on Friday. AECOM has a 1 year low of $74.40 and a 1 year high of $102.26. The stock has a 50-day moving average price of $92.68 and a two-hundred day moving average price of $91.83. The stock has a market cap of $13.14 billion, a price-to-earnings ratio of -1,072.78, a PEG ratio of 1.57 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.04. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the business posted $0.94 EPS. AECOM’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities analysts expect that AECOM will post 4.46 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, October 2nd will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.91%. AECOM’s dividend payout ratio is currently -977.78%.

AECOM Company Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.