Hillsdale Investment Management Inc. Has $883,000 Stake in AECOM (NYSE:ACM)

Hillsdale Investment Management Inc. raised its stake in shares of AECOM (NYSE:ACM) by 2.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,270 shares of the construction company’s stock after purchasing an additional 200 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in AECOM were worth $883,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ACM. Principal Securities Inc. boosted its stake in AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock worth $25,000 after acquiring an additional 116 shares during the last quarter. Allworth Financial LP boosted its position in shares of AECOM by 390.6% during the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after purchasing an additional 207 shares in the last quarter. Private Trust Co. NA bought a new position in shares of AECOM during the third quarter worth $30,000. National Pension Service bought a new stake in shares of AECOM in the 4th quarter valued at $32,000. Finally, True Wealth Design LLC increased its position in shares of AECOM by 4,242.9% in the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after buying an additional 297 shares in the last quarter. 85.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ACM has been the subject of a number of research analyst reports. Citigroup decreased their target price on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Robert W. Baird decreased their price objective 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 on the stock in a report on Wednesday, January 8th. Finally, Barclays upped their price target 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 investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $120.38.

AECOM Stock Performance

Shares of ACM stock opened at $94.14 on Monday. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The company’s fifty day simple moving average is $101.78 and its 200-day simple moving average is $105.20. The firm has a market cap of $12.49 billion, a PE ratio of 26.74, a P/E/G ratio of 1.63 and a beta of 1.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last issued its quarterly earnings results 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 research analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently declared 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 1.10%. AECOM’s dividend 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.