Tredje AP fonden lessened its holdings in shares of AECOM (NYSE:ACM - Free Report) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,691 shares of the construction company's stock after selling 10,690 shares during the quarter. Tredje AP fonden's holdings in AECOM were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also modified their holdings of ACM. Assetmark Inc. purchased a new position in shares of AECOM during the 3rd quarter worth $163,000. GSA Capital Partners LLP purchased a new position in shares of AECOM during the 3rd quarter worth $237,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of AECOM by 5.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company's stock worth $26,714,000 after acquiring an additional 12,224 shares during the last quarter. KBC Group NV boosted its stake in shares of AECOM by 8.6% during the 3rd quarter. KBC Group NV now owns 15,475 shares of the construction company's stock worth $1,599,000 after acquiring an additional 1,221 shares during the last quarter. Finally, Metis Global Partners LLC boosted its stake in shares of AECOM by 11.8% during the 3rd quarter. Metis Global Partners LLC now owns 21,536 shares of the construction company's stock worth $2,224,000 after acquiring an additional 2,275 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company's stock.
AECOM Price Performance
ACM stock traded up $0.79 during mid-day trading on Wednesday, hitting $96.16. The company had a trading volume of 872,407 shares, compared to its average volume of 814,549. The company has a market capitalization of $12.75 billion, a price-to-earnings ratio of 27.32, a P/E/G ratio of 1.63 and a beta of 1.22. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. 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 company has a 50-day moving average price of $102.48 and a 200 day moving average price of $105.26.
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, 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%. On average, research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.
AECOM Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be issued 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 1.08%. AECOM's dividend payout ratio (DPR) is presently 29.55%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on ACM shares. Truist Financial lifted their target price on shares of AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Citigroup lowered their target price 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. Robert W. Baird lowered their target price on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. KeyCorp lowered their target price 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. Finally, The Goldman Sachs Group started coverage on shares of AECOM in a research note on Friday, November 22nd. They set a "buy" rating and a $130.00 target price on the stock. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $120.38.
Read Our Latest Stock Analysis on AECOM
About AECOM
(
Free Report)
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.
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