Pictet Asset Management Holding SA Sells 3,769 Shares of AECOM (NYSE:ACM)

Pictet Asset Management Holding SA reduced its position in AECOM (NYSE:ACM - Free Report) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,196,149 shares of the construction company's stock after selling 3,769 shares during the period. Pictet Asset Management Holding SA owned about 3.92% of AECOM worth $555,053,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Principal Securities Inc. lifted its stake 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 acquiring an additional 116 shares in the last quarter. Allworth Financial LP increased its holdings in shares of AECOM by 390.6% in the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after purchasing an additional 207 shares during the period. Private Trust Co. NA purchased a new stake in shares of AECOM in the third quarter worth approximately $30,000. True Wealth Design LLC boosted its holdings in shares of AECOM by 4,242.9% during the third quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock worth $31,000 after purchasing an additional 297 shares during the period. Finally, National Pension Service purchased a new position in AECOM during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Stock Up 1.1 %

Shares of ACM traded up $0.99 during trading hours on Tuesday, hitting $93.72. 264,131 shares of the company were exchanged, compared to its average volume of 1,028,871. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $12.43 billion, a PE ratio of 26.62, a PEG ratio of 1.63 and a beta of 1.22. The firm's 50 day moving average is $100.01 and its 200-day moving average is $105.16. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56.

Remove Ads

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

AECOM Announces Dividend

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 paid 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 1.11%. AECOM's payout ratio is presently 29.55%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ACM. KeyCorp cut 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. Barclays increased their price objective on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Robert W. Baird dropped 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. Finally, Citigroup reduced their price target on AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM presently has an average rating of "Buy" and an average target price of $120.38.

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.