AXA S.A. lowered its stake in shares of AECOM (NYSE:ACM - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 320,172 shares of the construction company's stock after selling 36,314 shares during the period. AXA S.A. owned 0.24% of AECOM worth $34,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Prudential Financial Inc. increased its holdings in AECOM by 16.6% in the 4th quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company's stock valued at $2,940,000 after acquiring an additional 3,921 shares during the last quarter. Magnus Financial Group LLC lifted its position in shares of AECOM by 93.5% in the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company's stock worth $519,000 after buying an additional 2,348 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of AECOM during the 4th quarter worth approximately $9,705,000. TT International Asset Management LTD bought a new stake in shares of AECOM in the 4th quarter worth about $3,578,000. Finally, Park Avenue Securities LLC increased its stake in AECOM by 176.9% during the fourth quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company's stock worth $773,000 after acquiring an additional 4,625 shares during the last quarter. Institutional investors own 85.41% of the company's stock.
AECOM Trading Down 1.4 %
ACM traded down $1.48 on Wednesday, hitting $101.45. The company had a trading volume of 1,220,810 shares, compared to its average volume of 918,054. The company's fifty day moving average price is $95.09 and its 200 day moving average price is $103.55. The firm has a market cap of $13.46 billion, a P/E ratio of 28.82, a PEG ratio of 1.63 and a beta of 0.96. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.
AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.15 by $0.10. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The company's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 earnings per share. As a group, equities analysts expect that AECOM will post 5.1 earnings per share for the current year.
AECOM Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.03%. The ex-dividend date was Wednesday, April 2nd. AECOM's payout ratio is 29.55%.
Wall Street Analyst Weigh In
ACM has been the topic of several analyst reports. Barclays boosted their target price on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Robert W. Baird lifted their target price on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday. Citigroup upped their price target on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday. Royal Bank of Canada upped their target price on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, KeyCorp cut their price objective on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $119.00.
Read Our Latest Report on AECOM
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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