DnB Asset Management AS Has $5.71 Million Position in AECOM (NYSE:ACM)

DnB Asset Management AS decreased its stake in shares of AECOM (NYSE:ACM - Free Report) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,473 shares of the construction company's stock after selling 13,011 shares during the quarter. DnB Asset Management AS's holdings in AECOM were worth $5,712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Principal Securities Inc. lifted its stake in AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Allworth Financial LP raised its stake in AECOM by 390.6% in the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after buying an additional 207 shares during the period. Private Trust Co. NA acquired a new stake in shares of AECOM in the third quarter valued at approximately $30,000. National Pension Service bought a new position in shares of AECOM during the 4th quarter worth approximately $32,000. Finally, True Wealth Design LLC increased its holdings 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 worth $31,000 after acquiring an additional 297 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

AECOM Stock Performance

NYSE ACM traded down $3.51 during trading on Friday, reaching $89.23. The company's stock had a trading volume of 1,656,543 shares, compared to its average volume of 873,745. The firm has a 50 day moving average price of $98.67 and a 200 day moving average price of $104.92. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

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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, beating the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. As a group, equities analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be paid a $0.26 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.17%. AECOM's dividend payout ratio (DPR) is 29.55%.

Wall Street Analyst Weigh In

ACM has been the subject of a number of research analyst reports. Citigroup reduced their price objective on shares of AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Barclays lifted their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. KeyCorp lowered their price target on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Finally, Robert W. Baird reduced their price objective on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $120.38.

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.