Lansforsakringar Fondforvaltning AB publ Acquires Shares of 42,956 AECOM (NYSE:ACM)

Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 42,956 shares of the construction company's stock, valued at approximately $4,589,000.

A number of other institutional investors also recently added to or reduced their stakes in ACM. Norges Bank acquired a new stake in shares of AECOM during the fourth quarter worth $190,495,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of AECOM by 34.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company's stock worth $286,305,000 after acquiring an additional 691,020 shares in the last quarter. Northern Trust Corp boosted its stake in shares of AECOM by 53.5% during the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock worth $177,844,000 after acquiring an additional 580,078 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of AECOM by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock worth $397,196,000 after purchasing an additional 373,991 shares during the last quarter. Finally, Sandhill Capital Partners LLC acquired a new position in shares of AECOM during the 4th quarter worth about $36,933,000. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Stock Performance

Shares of ACM stock traded up $1.12 during trading hours on Friday, hitting $109.91. 2,196,935 shares of the company were exchanged, compared to its average volume of 920,665. The firm has a fifty day simple moving average of $99.30 and a 200 day simple moving average of $103.45. 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 has a 52-week low of $82.23 and a 52-week high of $118.56. The stock has a market capitalization of $14.54 billion, a price-to-earnings ratio of 31.22, a P/E/G ratio of 1.63 and a beta of 0.96.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the firm posted $1.04 EPS. The firm's revenue was up 2.6% compared to the same quarter last year. Research analysts predict that AECOM will post 5.1 earnings per share 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 $0.26 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.95%. AECOM's payout ratio is 22.66%.

Analysts Set New Price Targets

A number of research firms recently commented on ACM. Truist Financial decreased their price target on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. KeyCorp lowered their target price on AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Citigroup boosted their price target on AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Barclays boosted their price target on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Robert W. Baird boosted their price objective on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $120.86.

AECOM Company 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.