National Bank of Canada FI Trims Stock Position in AECOM (NYSE:ACM)

National Bank of Canada FI decreased its holdings in AECOM (NYSE:ACM - Free Report) by 73.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 73,474 shares of the construction company's stock after selling 201,383 shares during the period. National Bank of Canada FI owned approximately 0.06% of AECOM worth $7,858,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ACM. Alliancebernstein L.P. boosted its stake in AECOM by 11.2% during the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock worth $397,196,000 after buying an additional 373,991 shares during the last quarter. Geode Capital Management LLC raised its position in shares of AECOM by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company's stock valued at $233,918,000 after buying an additional 14,511 shares during the period. Norges Bank acquired a new position in AECOM in the fourth quarter valued at approximately $190,495,000. Charles Schwab Investment Management Inc. grew its position in AECOM by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 893,903 shares of the construction company's stock worth $95,487,000 after acquiring an additional 6,513 shares during the period. Finally, AGF Management Ltd. increased its stake in AECOM by 0.7% during the fourth quarter. AGF Management Ltd. now owns 871,893 shares of the construction company's stock worth $93,136,000 after acquiring an additional 5,660 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Robert W. Baird lowered their price target on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 4th. Citigroup lowered their target price 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. 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 note on Wednesday, January 8th. Barclays increased 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, Truist Financial cut their target price on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research report on Tuesday. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $119.38.

AECOM Stock Down 2.8 %

ACM traded down $2.66 on Thursday, hitting $92.33. 228,468 shares of the company were exchanged, compared to its average volume of 885,809. The firm has a 50-day moving average price of $97.14 and a two-hundred day moving average price of $104.58. 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 cap of $12.25 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (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%. On average, equities analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is presently 29.55%.

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.