Swedbank AB Has $8.10 Million Stock Position in AECOM (NYSE:ACM)

Swedbank AB raised its stake in AECOM (NYSE:ACM - Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,812 shares of the construction company's stock after purchasing an additional 2,989 shares during the quarter. Swedbank AB owned about 0.06% of AECOM worth $8,098,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ACM. International Assets Investment Management LLC acquired a new position in AECOM in the third quarter worth approximately $42,201,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of AECOM by 17.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company's stock valued at $205,429,000 after purchasing an additional 289,513 shares during the last quarter. National Bank of Canada FI lifted its position in AECOM by 1,847.8% during the 3rd quarter. National Bank of Canada FI now owns 274,857 shares of the construction company's stock worth $28,384,000 after acquiring an additional 260,746 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 buying an additional 220,035 shares during the last quarter. Finally, Verition Fund Management LLC increased its stake in AECOM by 293.7% in the third quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company's stock valued at $18,651,000 after acquiring an additional 134,730 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Stock Performance

ACM traded up $0.89 during midday trading on Wednesday, hitting $105.07. 1,204,040 shares of the company traded hands, compared to its average volume of 1,019,371. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The firm has a market capitalization of $13.94 billion, a PE ratio of 35.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03. The company's 50-day moving average is $109.11 and its 200 day moving average is $104.20.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 25.46% and a net margin of 2.50%. On average, research analysts expect that AECOM will post 5.08 EPS for the current year.

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.99%. The ex-dividend date was Thursday, January 2nd. This is a positive change from AECOM's previous quarterly dividend of $0.22. AECOM's payout ratio is 35.14%.

AECOM declared that its Board of Directors has authorized a stock buyback program on Monday, November 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

ACM has been the topic of a number of research reports. Truist Financial upped their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Citigroup lowered their price target on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. StockNews.com upgraded shares of AECOM from a "hold" rating to a "buy" rating in a research note on Sunday, October 27th. The Goldman Sachs Group initiated coverage on shares of AECOM in a research note on Friday, November 22nd. They issued a "buy" rating and a $130.00 price target on the stock. Finally, KeyCorp cut 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. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $118.50.

AECOM Company 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.