Canada Pension Plan Investment Board cut its position in shares of AECOM (NYSE:ACM - Free Report) by 16.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,700 shares of the construction company's stock after selling 20,200 shares during the quarter. Canada Pension Plan Investment Board owned 0.08% of AECOM worth $10,864,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. lifted its position in shares of AECOM by 16.6% in the 4th quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company's stock worth $2,940,000 after buying an additional 3,921 shares during the last quarter. Magnus Financial Group LLC raised its stake in AECOM by 93.5% during the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company's stock worth $519,000 after acquiring an additional 2,348 shares during the period. JPMorgan Chase & Co. raised its stake in AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock worth $79,339,000 after acquiring an additional 220,035 shares during the period. Raymond James Financial Inc. bought a new position in AECOM in the fourth quarter worth about $9,705,000. Finally, TT International Asset Management LTD acquired a new position in AECOM in the fourth quarter valued at approximately $3,578,000. Institutional investors and hedge funds own 85.41% of the company's stock.
AECOM Trading Up 2.6 %
NYSE ACM traded up $2.44 on Thursday, hitting $97.64. 575,159 shares of the stock were exchanged, compared to its average volume of 909,882. The company's 50-day moving average price is $94.92 and its two-hundred day moving average price is $103.96. 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 has a 52-week low of $82.23 and a 52-week high of $118.56. The company has a market capitalization of $12.95 billion, a price-to-earnings ratio of 27.74, a P/E/G ratio of 1.63 and a beta of 1.03.
AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS 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%. Research analysts predict that AECOM will post 5.1 EPS for the current year.
AECOM Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is presently 29.55%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on ACM. KeyCorp dropped their price target on AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Barclays increased their target price on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Truist Financial reduced their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Robert W. Baird dropped their price objective on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a report on Tuesday, February 4th. Finally, Citigroup cut their price objective on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $117.88.
Check Out Our Latest Report on AECOM
AECOM Profile
(
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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