Investment Management Corp of Ontario cut its holdings in shares of AECOM (NYSE:ACM - Free Report) by 24.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,702 shares of the construction company's stock after selling 8,441 shares during the quarter. Investment Management Corp of Ontario's holdings in AECOM were worth $2,852,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Ranch Capital Advisors Inc. boosted its position in shares of AECOM by 2.3% during the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company's stock valued at $479,000 after acquiring an additional 99 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of AECOM by 17.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock valued at $74,000 after acquiring an additional 103 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in AECOM by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock worth $809,000 after buying an additional 109 shares during the last quarter. Avitas Wealth Management LLC lifted its position in AECOM by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock worth $2,023,000 after buying an additional 110 shares during the last quarter. Finally, Principal Securities Inc. lifted its position 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 buying an additional 116 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.
AECOM Trading Up 1.3%
Shares of NYSE ACM traded up $1.44 during trading hours on Thursday, hitting $108.51. The company's stock had a trading volume of 859,494 shares, compared to its average volume of 915,409. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 1.63 and a beta of 0.96. 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 business has a 50-day simple moving average of $96.08 and a 200-day simple moving average of $103.53.
AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.10. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The business had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $4.18 billion. During the same quarter last year, the business posted $1.04 EPS. The business's revenue was up 2.6% on a year-over-year basis. On average, analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.
AECOM Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were given a $0.26 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. AECOM's dividend payout ratio is 22.66%.
Analyst Ratings Changes
A number of research firms recently weighed in on ACM. Barclays boosted their target price on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Citigroup boosted their target price on AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Royal Bank of Canada boosted their target price on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. KeyCorp dropped their target price on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Robert W. Baird boosted their target price on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $119.00.
Read Our Latest Analysis on ACM
AECOM Company Profile
(
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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