Legal & General Group Plc decreased its stake in shares of AECOM (NYSE:ACM - Free Report) by 32.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 390,647 shares of the construction company's stock after selling 189,864 shares during the period. Legal & General Group Plc owned 0.29% of AECOM worth $41,729,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of AECOM during the 4th quarter valued at $190,495,000. Alliancebernstein L.P. grew its position in AECOM by 11.2% during the fourth 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. JPMorgan Chase & Co. grew its position in AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock valued at $79,339,000 after acquiring an additional 220,035 shares during the period. Teacher Retirement System of Texas increased its stake in AECOM by 58.1% during the fourth quarter. Teacher Retirement System of Texas now owns 349,991 shares of the construction company's stock worth $37,386,000 after acquiring an additional 128,580 shares during the last quarter. Finally, Flputnam Investment Management Co. raised its holdings in shares of AECOM by 88.8% in the 4th quarter. Flputnam Investment Management Co. now owns 272,888 shares of the construction company's stock worth $29,150,000 after purchasing an additional 128,346 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.
AECOM Stock Down 0.5 %
NYSE ACM traded down $0.49 during mid-day trading on Tuesday, reaching $93.82. 615,689 shares of the company's stock traded hands, compared to its average volume of 894,481. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The company has a fifty day simple moving average of $96.21 and a 200-day simple moving average of $104.34. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 1.63 and a beta of 1.03.
AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share 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%. As a group, equities research analysts expect that AECOM will post 5.1 EPS for the current year.
AECOM Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.11%. AECOM's payout ratio is 29.55%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on ACM. KeyCorp dropped their target price on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Truist Financial dropped 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 reduced 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. Barclays increased 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. Finally, Citigroup reduced their price objective 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 data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $119.38.
View Our Latest Stock Analysis on AECOM
AECOM Company 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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