Mutual of America Capital Management LLC Decreases Position in AECOM (NYSE:ACM)

Key Points

• Mutual of America Capital Management LLC reduced its stake in AECOM by 3.6%, now holding 68,295 shares, while other investors such as Ballentine Partners LLC and Brown Advisory Inc. increased their positions significantly during the first quarter.
• AECOM's stock has received positive attention from analysts, with several firms including UBS Group and Citigroup raising their price targets and maintaining "buy" ratings.
• AECOM has reported a quarterly earnings per share of $1.34, exceeding estimates, and announced a quarterly dividend of $0.26 per share, which represents a yield of 0.9%.

Mutual of America Capital Management LLC decreased its holdings in shares of AECOM (NYSE:ACM - Free Report) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,295 shares of the construction company's stock after selling 2,524 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of AECOM worth $6,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ballentine Partners LLC lifted its holdings in AECOM by 28.9% in the 1st quarter. Ballentine Partners LLC now owns 5,331 shares of the construction company's stock valued at $494,000 after purchasing an additional 1,194 shares in the last quarter. Xponance Inc. lifted its holdings in AECOM by 4.4% in the 1st quarter. Xponance Inc. now owns 26,193 shares of the construction company's stock valued at $2,429,000 after purchasing an additional 1,114 shares in the last quarter. Banque Pictet & Cie SA purchased a new position in AECOM in the 1st quarter valued at $328,000. Brown Advisory Inc. lifted its holdings in AECOM by 32.7% in the 1st quarter. Brown Advisory Inc. now owns 3,956 shares of the construction company's stock valued at $367,000 after purchasing an additional 975 shares in the last quarter. Finally, Ninety One North America Inc. raised its holdings in shares of AECOM by 15.8% during the 1st quarter. Ninety One North America Inc. now owns 124,805 shares of the construction company's stock worth $11,573,000 after acquiring an additional 17,028 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

Analysts Set New Price Targets

ACM has been the topic of several analyst reports. Citigroup reiterated a "buy" rating and set a $137.00 price target (up previously from $122.00) on shares of AECOM in a report on Monday, July 28th. Wall Street Zen upgraded AECOM from a "hold" rating to a "buy" rating in a report on Saturday. Royal Bank Of Canada lifted their price target on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Bank of America raised their price objective on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Robert W. Baird raised their price objective on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $127.33.

AECOM Trading Down 0.6%

NYSE ACM traded down $0.77 during trading on Friday, hitting $118.44. The stock had a trading volume of 611,592 shares, compared to its average volume of 958,858. The company has a market capitalization of $15.69 billion, a PE ratio of 25.80, a PEG ratio of 1.76 and a beta of 0.99. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a 50 day moving average price of $113.22 and a 200 day moving average price of $104.38. AECOM has a twelve month low of $85.00 and a twelve month high of $121.73.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the company posted $1.16 EPS. AECOM's revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. AECOM's payout ratio is currently 22.66%.

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.