Bank of Montreal Can Sells 410,180 Shares of AECOM (NYSE:ACM)

Bank of Montreal Can trimmed its stake in AECOM (NYSE:ACM) by 91.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 39,084 shares of the construction company’s stock after selling 410,180 shares during the period. Bank of Montreal Can’s holdings in AECOM were worth $3,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Steward Partners Investment Advisory LLC raised its holdings in AECOM by 35,400.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,550 shares of the construction company’s stock valued at $328,000 after acquiring an additional 3,540 shares in the last quarter. TD Asset Management Inc lifted its position in AECOM by 49.6% in the fourth quarter. TD Asset Management Inc now owns 12,429 shares of the construction company’s stock worth $1,149,000 after purchasing an additional 4,121 shares during the period. Eagle Asset Management Inc. boosted its stake in AECOM by 1.7% during the fourth quarter. Eagle Asset Management Inc. now owns 29,201 shares of the construction company’s stock worth $2,699,000 after buying an additional 474 shares in the last quarter. California State Teachers Retirement System increased its holdings in AECOM by 3.3% in the 4th quarter. California State Teachers Retirement System now owns 226,339 shares of the construction company’s stock valued at $20,921,000 after buying an additional 7,152 shares during the period. Finally, KBC Group NV raised its stake in shares of AECOM by 651.8% in the 4th quarter. KBC Group NV now owns 9,585 shares of the construction company’s stock valued at $886,000 after buying an additional 8,310 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. KeyCorp upped their price objective on AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Truist Financial restated a “buy” rating and set a $108.00 target price (up previously from $107.00) on shares of AECOM in a research report on Wednesday, August 7th. Barclays upped their price target on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, Citigroup cut their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $105.00.

AECOM Trading Down 0.6 %

Shares of NYSE ACM opened at $101.96 on Thursday. AECOM has a 1-year low of $74.40 and a 1-year high of $104.63. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The company has a 50-day moving average of $96.43 and a two-hundred day moving average of $92.86. The company has a market cap of $13.88 billion, a PE ratio of -1,132.89, a P/E/G ratio of 1.70 and a beta of 1.17.

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

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is -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.