Andra AP fonden Sells 40,500 Shares of AECOM (NYSE:ACM)

Andra AP fonden lessened its holdings in AECOM (NYSE:ACM) by 82.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,600 shares of the construction company’s stock after selling 40,500 shares during the quarter. Andra AP fonden’s holdings in AECOM were worth $758,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ACM. EntryPoint Capital LLC bought a new stake in AECOM in the 1st quarter valued at about $25,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of AECOM in the fourth quarter valued at approximately $28,000. Creekmur Asset Management LLC acquired a new stake in AECOM during the fourth quarter worth approximately $28,000. Rise Advisors LLC bought a new position in AECOM during the 1st quarter worth $31,000. Finally, Family Firm Inc. acquired a new position in AECOM in the 2nd quarter valued at $31,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Price Performance

Shares of NYSE:ACM opened at $96.55 on Friday. The firm has a 50 day simple moving average of $92.68 and a 200 day simple moving average of $91.83. The company 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. AECOM has a one year low of $74.40 and a one year high of $102.26. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13.

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 company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the business posted $0.94 EPS. AECOM’s revenue for the quarter was up 13.3% on a year-over-year basis. Research analysts predict that AECOM will post 4.46 earnings per share for the current fiscal year.

AECOM Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ACM shares. UBS Group increased their target price on AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Barclays raised their target price on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Robert W. Baird upped their price target on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, KeyCorp upped their target price on AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM has a consensus rating of “Buy” and an average target price of $105.00.

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.