AMF Tjanstepension AB Sells 65,171 Shares of AECOM (NYSE:ACM)

AMF Tjanstepension AB cut its stake in shares of AECOM (NYSE:ACM - Free Report) by 54.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,270 shares of the construction company's stock after selling 65,171 shares during the period. AMF Tjanstepension AB's holdings in AECOM were worth $5,908,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Principal Securities Inc. boosted its holdings in AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after buying an additional 116 shares during the last quarter. Allworth Financial LP boosted its stake in 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 acquiring an additional 207 shares during the last quarter. Private Trust Co. NA acquired a new position in AECOM during the third quarter valued at approximately $30,000. True Wealth Design LLC grew its holdings in AECOM by 4,242.9% during the third quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock valued at $31,000 after purchasing an additional 297 shares during the period. Finally, National Pension Service bought a new stake in AECOM in the fourth quarter valued at approximately $32,000. 85.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on ACM. Barclays boosted their price target on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Citigroup decreased their target price on AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. KeyCorp dropped their price target on AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Truist Financial lifted their price objective on AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Finally, 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. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $120.38.

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AECOM Stock Up 0.3 %

Shares of NYSE:ACM traded up $0.30 during mid-day trading on Wednesday, reaching $94.68. 732,282 shares of the stock were exchanged, compared to its average volume of 816,680. The stock's 50 day simple moving average is $103.70 and its 200-day simple moving average is $105.45. AECOM has a one year low of $82.23 and a one year high of $118.56. The company has a market cap of $12.56 billion, a P/E ratio of 26.90, a P/E/G 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 (NYSE:ACM - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. As a group, equities research analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The business 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. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 1.10%. AECOM's payout ratio is presently 29.55%.

AECOM declared that its board has authorized a stock buyback program on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

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.