AECOM (NYSE:ACM) Shares Sold by Amundi

Amundi cut its stake in shares of AECOM (NYSE:ACM - Free Report) by 35.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,443,658 shares of the construction company's stock after selling 802,289 shares during the quarter. Amundi owned 1.09% of AECOM worth $154,357,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Principal Securities Inc. raised its stake in shares of AECOM by 95.9% during the 4th 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 raised 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 buying an additional 207 shares during the last quarter. Private Trust Co. NA acquired a new position in AECOM in the 3rd quarter valued at about $30,000. True Wealth Design LLC raised its stake in AECOM by 4,242.9% in the 3rd 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 last quarter. Finally, National Pension Service acquired a new position in AECOM in the 4th quarter valued at about $32,000. 85.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Truist Financial boosted their target price on shares of AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Citigroup decreased their target price on AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. KeyCorp decreased their target price on AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Barclays boosted their target price on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, The Goldman Sachs Group assumed coverage on AECOM in a report on Friday, November 22nd. They set a "buy" rating and a $130.00 target price for the company. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $120.38.

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AECOM Stock Down 1.6 %

NYSE ACM traded down $1.53 on Thursday, reaching $93.08. The company had a trading volume of 561,230 shares, compared to its average volume of 816,682. The firm has a market capitalization of $12.35 billion, a PE ratio of 26.44, a P/E/G ratio of 1.63 and a beta of 1.22. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The firm has a 50-day moving average of $103.46 and a 200-day moving average of $105.38. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14.

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

AECOM declared that its Board of Directors has initiated a share buyback plan on Monday, November 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, April 2nd. AECOM's payout ratio is 29.55%.

AECOM Company Profile

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.