Thematics Asset Management Sells 14,000 Shares of AECOM (NYSE:ACM)

Thematics Asset Management lessened its position in AECOM (NYSE:ACM - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,472 shares of the construction company's stock after selling 14,000 shares during the quarter. Thematics Asset Management owned approximately 0.08% of AECOM worth $11,267,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. lifted its holdings in shares of AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after purchasing an additional 116 shares in the last quarter. Allworth Financial LP lifted its stake in AECOM by 390.6% in the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock worth $29,000 after acquiring an additional 207 shares in the last quarter. National Pension Service purchased a new stake in AECOM in the 4th quarter worth about $32,000. Wingate Wealth Advisors Inc. acquired a new stake in AECOM during the 4th quarter worth about $51,000. Finally, Proficio Capital Partners LLC purchased a new position in AECOM during the 4th quarter valued at about $55,000. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Stock Performance

Shares of NYSE:ACM traded up $2.44 during trading on Thursday, reaching $97.64. The stock had a trading volume of 575,159 shares, compared to its average volume of 908,557. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a fifty day simple moving average of $94.92 and a two-hundred day simple moving average of $103.96. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 27.74, a P/E/G ratio of 1.63 and a beta of 1.03. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56.

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 the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. As a group, analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is currently 29.55%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ACM shares. KeyCorp reduced their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Citigroup reduced 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. Truist Financial cut their price target on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird dropped their price objective on AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a report on Tuesday, February 4th. 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 research note on Thursday, February 6th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $117.88.

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.