Tredje AP fonden Cuts Stock Holdings in AECOM (NYSE:ACM)

Tredje AP fonden decreased its position in AECOM (NYSE:ACM) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,381 shares of the construction company’s stock after selling 334 shares during the quarter. Tredje AP fonden’s holdings in AECOM were worth $1,885,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new position in AECOM in the first quarter worth $1,085,000. Janney Montgomery Scott LLC raised its stake in shares of AECOM by 1,082.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company’s stock worth $3,411,000 after purchasing an additional 31,838 shares during the period. Norges Bank purchased a new position in shares of AECOM in the 4th quarter worth about $159,060,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in AECOM by 102.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 232,223 shares of the construction company’s stock valued at $22,777,000 after buying an additional 117,646 shares during the period. Finally, SG Americas Securities LLC grew its position in AECOM by 1,717.1% during the first quarter. SG Americas Securities LLC now owns 163,480 shares of the construction company’s stock valued at $16,034,000 after buying an additional 154,483 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

Shares of ACM opened at $101.20 on Friday. AECOM has a 52-week low of $74.40 and a 52-week high of $102.26. The stock’s 50-day simple moving average is $94.62 and its 200 day simple moving average is $92.27. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of -1,124.44, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $1.85 billion. AECOM had a net margin of 1.61% and a return on equity of 24.14%. AECOM’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $0.94 earnings per share. Research analysts forecast that AECOM will post 4.46 EPS for the current fiscal year.

AECOM Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.87%. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

Analysts Set New Price Targets

ACM has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price 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. Robert W. Baird upped their price objective on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. KeyCorp raised 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. Truist Financial reaffirmed a “buy” rating and set a $108.00 price target (up previously from $107.00) on shares of AECOM in a research report on Wednesday, August 7th. Finally, Citigroup cut their price target on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target 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.