KLP Kapitalforvaltning AS Invests $9.77 Million in AECOM (NYSE:ACM)

KLP Kapitalforvaltning AS bought a new stake in AECOM (NYSE:ACM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 91,500 shares of the construction company's stock, valued at approximately $9,774,000. KLP Kapitalforvaltning AS owned about 0.07% of AECOM at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ACM. Knights of Columbus Asset Advisors LLC raised its position in shares of AECOM by 3.2% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 80,091 shares of the construction company's stock valued at $8,555,000 after acquiring an additional 2,473 shares during the last quarter. AXQ Capital LP increased its holdings in AECOM by 35.1% in the fourth quarter. AXQ Capital LP now owns 9,639 shares of the construction company's stock valued at $1,030,000 after purchasing an additional 2,505 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in AECOM by 2.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 8,270 shares of the construction company's stock valued at $883,000 after buying an additional 200 shares during the period. American Century Companies Inc. boosted its holdings in AECOM by 3.4% during the fourth quarter. American Century Companies Inc. now owns 17,242 shares of the construction company's stock worth $1,842,000 after buying an additional 571 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of AECOM during the 4th quarter worth about $323,000. Institutional investors and hedge funds own 85.41% of the company's stock.

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AECOM Stock Down 1.1 %

ACM stock traded down $1.10 during mid-day trading on Tuesday, reaching $94.72. The company had a trading volume of 1,163,077 shares, compared to its average volume of 815,983. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a 50 day simple moving average of $101.53 and a two-hundred day simple moving average of $105.20.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share 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%. As a group, equities analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be given a $0.26 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.10%. AECOM's payout ratio is 29.55%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ACM. KeyCorp cut their price target on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird lowered their target price on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. Citigroup reduced their target price on shares of AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, Barclays boosted their price target on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price 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.