AECOM (NYSE:ACM) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lessened its stake in shares of AECOM (NYSE:ACM - Free Report) by 11.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 278,078 shares of the construction company's stock after selling 36,971 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.21% of AECOM worth $29,704,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Alliancebernstein L.P. raised its holdings in shares of AECOM by 11.2% in the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock valued at $397,196,000 after purchasing an additional 373,991 shares in the last quarter. Norges Bank bought a new position in AECOM in the fourth quarter worth approximately $190,495,000. FMR LLC raised its stake in AECOM by 2.9% in the fourth quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock worth $145,330,000 after buying an additional 38,177 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in AECOM by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,205,920 shares of the construction company's stock worth $128,820,000 after buying an additional 94,880 shares during the period. Finally, Mariner LLC boosted its position in AECOM by 3.9% during the 4th quarter. Mariner LLC now owns 1,083,908 shares of the construction company's stock valued at $115,786,000 after acquiring an additional 40,228 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company's stock.

AECOM Stock Performance

Shares of NYSE:ACM traded up $2.32 during trading on Thursday, hitting $97.52. The stock had a trading volume of 295,650 shares, compared to its average volume of 907,504. 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 12-month low of $82.23 and a 12-month high of $118.56. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. The stock has a 50-day simple moving average of $94.92 and a two-hundred day simple moving average of $103.96.

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

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were paid a $0.26 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. AECOM's payout ratio is 29.55%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ACM. Barclays upped their price objective on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. KeyCorp cut their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Robert W. Baird reduced their target price on AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 4th. Truist Financial decreased their price target on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup dropped their price target on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM has an average rating of "Buy" and an average price target of $117.88.

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.