Norges Bank Invests $190.50 Million in AECOM (NYSE:ACM)

Norges Bank acquired a new position in AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,783,329 shares of the construction company's stock, valued at approximately $190,495,000. Norges Bank owned approximately 1.34% of AECOM at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ACM. Franklin Resources Inc. increased its stake in AECOM by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company's stock worth $655,000 after buying an additional 91 shares in the last quarter. Ranch Capital Advisors Inc. grew its position in shares of AECOM by 2.3% during the fourth quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company's stock worth $479,000 after purchasing an additional 99 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in AECOM by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock valued at $809,000 after purchasing an additional 109 shares during the period. Avitas Wealth Management LLC raised its stake in AECOM by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock valued at $2,023,000 after purchasing an additional 110 shares during the period. Finally, Principal Securities Inc. lifted its holdings in AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after purchasing an additional 116 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

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

AECOM Trading Down 3.8 %

ACM traded down $3.51 on Friday, hitting $89.23. The company had a trading volume of 1,656,543 shares, compared to its average volume of 873,745. The business's fifty day simple moving average is $98.67 and its 200 day simple moving average is $104.92. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The company has a market cap of $11.83 billion, a PE ratio of 25.35, a PEG ratio of 1.63 and a beta of 1.22.

AECOM (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. Equities research analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

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

AECOM 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.