Nisa Investment Advisors LLC Sells 10,503 Shares of AECOM (NYSE:ACM)

Nisa Investment Advisors LLC lowered its holdings in shares of AECOM (NYSE:ACM - Free Report) by 15.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,929 shares of the construction company's stock after selling 10,503 shares during the quarter. Nisa Investment Advisors LLC's holdings in AECOM were worth $6,086,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ACM. Sumitomo Mitsui Trust Holdings Inc. lifted its position in AECOM by 6.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 289,782 shares of the construction company's stock valued at $28,422,000 after acquiring an additional 17,144 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of AECOM by 1.6% during the first quarter. BNP Paribas Financial Markets now owns 99,026 shares of the construction company's stock worth $9,712,000 after buying an additional 1,597 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of AECOM by 1,082.9% during the first quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company's stock worth $3,411,000 after buying an additional 31,838 shares in the last quarter. Nordea Investment Management AB raised its position in AECOM by 16.2% in the 1st quarter. Nordea Investment Management AB now owns 22,274 shares of the construction company's stock valued at $2,194,000 after buying an additional 3,109 shares during the last quarter. Finally, Quent Capital LLC raised its position in AECOM by 9.9% in the 1st quarter. Quent Capital LLC now owns 1,865 shares of the construction company's stock valued at $183,000 after buying an additional 168 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ACM. Truist Financial raised their price target on shares of AECOM from $108.00 to $119.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Robert W. Baird lifted their price target on shares of AECOM from $96.00 to $100.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th. Citigroup boosted their price target on shares of AECOM from $110.00 to $128.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Barclays raised their price objective on AECOM from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, August 8th. Finally, KeyCorp upped their target price on AECOM from $99.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has an average rating of "Buy" and an average target price of $112.29.

AECOM Stock Performance

NYSE:ACM traded up $1.60 during mid-day trading on Friday, hitting $108.40. The stock had a trading volume of 729,546 shares, compared to its average volume of 784,069. The company's 50 day simple moving average is $102.04 and its 200 day simple moving average is $94.33. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 57.42, a PEG ratio of 1.62 and a beta of 1.17. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a twelve month low of $76.95 and a twelve month high of $109.98.

AECOM (NYSE:ACM - Get Free Report) last issued its earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the company posted $0.94 EPS. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities research analysts forecast that AECOM will post 4.46 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Wednesday, October 2nd. AECOM's dividend payout ratio is presently 47.31%.

About AECOM

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.