Shelton Capital Management Trims Stake in AECOM (NYSE:ACM)

Shelton Capital Management decreased its holdings in AECOM (NYSE:ACM - Free Report) by 15.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,720 shares of the construction company's stock after selling 4,372 shares during the quarter. Shelton Capital Management's holdings in AECOM were worth $2,534,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ACM. Prudential Financial Inc. boosted its stake in shares of AECOM by 16.6% during the 4th quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company's stock valued at $2,940,000 after purchasing an additional 3,921 shares in the last quarter. Magnus Financial Group LLC boosted its position in AECOM by 93.5% during the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company's stock valued at $519,000 after acquiring an additional 2,348 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock worth $79,339,000 after acquiring an additional 220,035 shares during the period. Raymond James Financial Inc. bought a new position in shares of AECOM in the 4th quarter worth approximately $9,705,000. Finally, TT International Asset Management LTD purchased a new position in shares of AECOM in the 4th quarter valued at approximately $3,578,000. Institutional investors own 85.41% of the company's stock.

Analysts Set New Price Targets

ACM has been the topic of several recent research reports. Robert W. Baird reduced their price target on AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. Citigroup decreased their price target 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. KeyCorp dropped their price objective on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Truist Financial cut their price objective on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Barclays lifted their target price on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $119.38.

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AECOM Stock Down 0.4 %

Shares of ACM traded down $0.39 on Monday, hitting $93.32. 150,254 shares of the stock traded hands, compared to its average volume of 894,153. The company has a market capitalization of $12.38 billion, a PE ratio of 26.51, a P/E/G ratio of 1.63 and a beta of 1.03. The business has a 50 day simple moving average of $96.71 and a 200 day simple moving average of $104.47. AECOM has a one year low of $82.23 and a one year high of $118.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data 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%. As a group, equities analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is presently 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.