Invesco Ltd. lessened its position in shares of AECOM (NYSE:ACM - Free Report) by 17.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,462,961 shares of the construction company's stock after selling 522,474 shares during the quarter. Invesco Ltd. owned about 1.86% of AECOM worth $263,094,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased 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 acquiring an additional 373,991 shares during the period. Geode Capital Management LLC raised its holdings in shares of AECOM by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company's stock valued at $233,918,000 after buying an additional 14,511 shares during the last quarter. Norges Bank acquired a new stake in shares of AECOM during the fourth quarter worth about $190,495,000. FMR LLC increased its position in AECOM by 2.9% in the 4th quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock valued at $145,330,000 after acquiring an additional 38,177 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in AECOM by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 893,903 shares of the construction company's stock valued at $95,487,000 after acquiring an additional 6,513 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on ACM. Citigroup lowered their target price on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Truist Financial cut their price objective on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird lowered their target price 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. KeyCorp cut their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Barclays lifted their price objective on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $117.88.
Get Our Latest Stock Report on AECOM
AECOM Price Performance
ACM stock traded up $0.22 during trading on Wednesday, hitting $94.18. The stock had a trading volume of 123,718 shares, compared to its average volume of 1,070,648. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. The company's 50 day moving average price is $96.21 and its two-hundred day moving average price is $104.34. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14.
AECOM (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. On average, sell-side analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.
AECOM Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.10%. AECOM's dividend payout ratio is presently 29.55%.
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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