Allstate Corp Purchases Shares of 3,924 AECOM (NYSE:ACM)

Allstate Corp acquired a new position in AECOM (NYSE:ACM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,924 shares of the construction company’s stock, valued at approximately $419,000.

Other large investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. raised its stake in AECOM by 17.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company’s stock worth $74,000 after acquiring an additional 103 shares during the period. Norges Bank purchased a new position in shares of AECOM during the 4th quarter valued at $190,495,000. Loomis Sayles & Co. L P boosted its holdings in AECOM by 3.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 169,508 shares of the construction company’s stock worth $18,107,000 after buying an additional 6,007 shares during the period. Elo Mutual Pension Insurance Co increased its stake in AECOM by 14.3% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 13,821 shares of the construction company’s stock worth $1,476,000 after buying an additional 1,729 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in AECOM by 10.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 99,672 shares of the construction company’s stock valued at $10,740,000 after acquiring an additional 9,707 shares during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Robert W. Baird cut their target price on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. KeyCorp dropped their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Citigroup reduced their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, Barclays increased their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM has an average rating of “Buy” and an average price target of $120.38.

AECOM Price Performance

NYSE:ACM opened at $95.89 on Thursday. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50 day simple moving average of $99.38 and a 200-day simple moving average of $105.07. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Equities analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.08%. AECOM’s payout ratio is 29.55%.

AECOM 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.