IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 17,050 Shares of AECOM (NYSE:ACM)

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its position in shares of AECOM (NYSE:ACM - Free Report) by 67.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,221 shares of the construction company's stock after selling 17,050 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in AECOM were worth $878,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ACM. Principal Securities Inc. increased its position in AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after purchasing an additional 116 shares during the period. Allworth Financial LP increased 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 valued at $29,000 after buying an additional 207 shares during the period. Private Trust Co. NA bought a new position in AECOM in the third quarter worth about $30,000. True Wealth Design LLC lifted its holdings in AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock worth $31,000 after buying an additional 297 shares during the period. Finally, National Pension Service bought a new stake in AECOM during the 4th quarter valued at approximately $32,000. Institutional investors own 85.41% of the company's stock.

AECOM Stock Performance

NYSE ACM traded up $1.35 on Tuesday, hitting $94.08. 228,732 shares of the company traded hands, compared to its average volume of 858,239. The business's 50 day moving average price is $100.01 and its 200-day moving average price is $105.16. 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 company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 26.72, a P/E/G ratio of 1.63 and a beta of 1.22.

Remove Ads

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. Equities analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be paid 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 dividend payout ratio (DPR) is 29.55%.

Analyst Upgrades and Downgrades

ACM has been the subject of a number of research analyst reports. KeyCorp lowered their target price on AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Barclays raised their price objective on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Citigroup decreased their price target on shares of AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, Robert W. Baird dropped their price objective on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $120.38.

About AECOM

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.