Primecap Management Co. CA decreased its stake in AECOM (NYSE:ACM - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,381,582 shares of the construction company's stock after selling 1,129,625 shares during the quarter. Primecap Management Co. CA owned about 8.58% of AECOM worth $1,215,781,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions 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 buying an additional 116 shares in the last quarter. Allworth Financial LP lifted its holdings in 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 purchasing an additional 207 shares in the last quarter. Private Trust Co. NA purchased a new position in AECOM in the 3rd quarter valued at $30,000. National Pension Service purchased a new stake in AECOM in the 4th quarter valued at $32,000. Finally, True Wealth Design LLC raised its position in shares of AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock valued at $31,000 after buying an additional 297 shares during the period. Institutional investors own 85.41% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on ACM. Robert W. Baird dropped their price objective on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 4th. The Goldman Sachs Group assumed coverage on shares of AECOM in a research report on Friday, November 22nd. They set a "buy" rating and a $130.00 price objective for the company. KeyCorp reduced their price target on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Truist Financial lifted their target price on AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Finally, Citigroup decreased their target price on AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM presently has a consensus rating of "Buy" and a consensus target price of $120.38.
View Our Latest Stock Analysis on ACM
AECOM Stock Performance
Shares of NYSE ACM traded down $0.85 during mid-day trading on Friday, hitting $94.14. 2,551,126 shares of the company were exchanged, compared to its average volume of 818,235. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The stock has a 50 day simple moving average of $102.01 and a 200-day simple moving average of $105.13.
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, sell-side analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.
AECOM Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.10%. AECOM's dividend payout ratio (DPR) is presently 29.55%.
About AECOM
(
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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