Comerica Bank Sells 4,473 Shares of AECOM (NYSE:ACM)

Comerica Bank decreased its position in AECOM (NYSE:ACM - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,906 shares of the construction company's stock after selling 4,473 shares during the quarter. Comerica Bank's holdings in AECOM were worth $6,292,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Prudential Financial Inc. boosted its position in shares of AECOM by 16.6% in the fourth quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company's stock worth $2,940,000 after purchasing an additional 3,921 shares during the period. Magnus Financial Group LLC boosted its holdings in AECOM by 93.5% in the 4th 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 during the period. Raymond James Financial Inc. purchased a new stake in AECOM in the 4th quarter worth $9,705,000. TT International Asset Management LTD bought a new stake in AECOM during the fourth quarter valued at about $3,578,000. Finally, Park Avenue Securities LLC lifted its position in shares of AECOM by 176.9% in the fourth quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company's stock valued at $773,000 after acquiring an additional 4,625 shares in the last quarter. Institutional investors own 85.41% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Robert W. Baird lifted their target price on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research note on Tuesday. Royal Bank of Canada upped their target price on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday. Truist Financial reduced their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Citigroup increased their price objective on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Barclays raised their price target on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $119.00.

AECOM Trading Up 2.7 %

NYSE ACM traded up $2.78 on Thursday, hitting $104.28. 853,129 shares of the stock were exchanged, compared to its average volume of 914,306. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The firm has a market capitalization of $13.83 billion, a P/E ratio of 29.63, 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 stock has a fifty day moving average price of $95.11 and a two-hundred day moving average price of $103.53.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.15 by $0.10. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the firm posted $1.04 EPS. The firm's revenue was up 2.6% compared to the same quarter last year. Research analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Wednesday, April 2nd. AECOM's dividend payout ratio is currently 29.55%.

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.