Dynamic Technology Lab Private Ltd trimmed its holdings in AECOM (NYSE:ACM - Free Report) by 59.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,287 shares of the construction company's stock after selling 7,898 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in AECOM were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. increased its position in shares of AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after acquiring an additional 116 shares in the last quarter. Allworth Financial LP increased its stake in shares of AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock worth $29,000 after purchasing an additional 207 shares during the last quarter. National Pension Service bought a new position in AECOM during the fourth quarter valued at about $32,000. Wingate Wealth Advisors Inc. acquired a new stake in AECOM in the 4th quarter worth approximately $51,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of AECOM during the 4th quarter worth $55,000. 85.41% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on ACM shares. Truist Financial lowered their target price on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. KeyCorp reduced their price target on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird lowered their target price on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. Barclays boosted their price objective on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Citigroup cut their target price on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $119.38.
Read Our Latest Stock Report on ACM
AECOM Stock Up 0.5 %
Shares of AECOM stock traded up $0.49 during trading on Friday, reaching $93.66. The stock had a trading volume of 1,169,719 shares, compared to its average volume of 896,993. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a fifty day moving average price of $96.71 and a two-hundred day moving average price of $104.47. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 1.63 and a beta of 1.03.
AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Sell-side analysts predict that AECOM will post 5.1 EPS for the current fiscal year.
AECOM Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Wednesday, April 2nd. AECOM's payout ratio is presently 29.55%.
AECOM Company Profile
(
Free Report)
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.
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