Ninety One UK Ltd cut its holdings in AECOM (NYSE:ACM - Free Report) by 7.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,369,824 shares of the construction company's stock after selling 109,695 shares during the period. Ninety One UK Ltd owned about 1.03% of AECOM worth $127,024,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in ACM. Norges Bank bought a new stake in shares of AECOM in the 4th quarter worth about $190,495,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AECOM by 34.7% in 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 buying an additional 691,020 shares during the last quarter. Northern Trust Corp increased its holdings in shares of AECOM by 53.5% in the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock worth $177,844,000 after buying an additional 580,078 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of AECOM by 11.2% in the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock worth $397,196,000 after buying an additional 373,991 shares during the last quarter. Finally, Sandhill Capital Partners LLC bought a new stake in shares of AECOM in the 4th quarter worth about $36,933,000. 85.41% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. KeyCorp cut their price target 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. Robert W. Baird upped their price target on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Truist Financial cut 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 upped their price target on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada upped their price target on shares of AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $120.86.
View Our Latest Analysis on AECOM
AECOM Trading Down 1.0%
AECOM stock traded down $1.18 during trading hours on Friday, hitting $114.46. The company had a trading volume of 543,348 shares, compared to its average volume of 922,098. The firm has a market cap of $15.14 billion, a P/E ratio of 24.94, a P/E/G ratio of 1.87 and a beta of 0.96. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.15 and a current ratio of 1.15. AECOM has a 1 year low of $84.75 and a 1 year high of $118.56. The company has a 50-day moving average price of $110.26 and a two-hundred day moving average price of $103.55.
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 (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.10. The company had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $4.18 billion. AECOM had a net margin of 3.85% and a return on equity of 27.67%. The firm's quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS. On average, sell-side analysts anticipate that AECOM will post 5.1 earnings per share for the current year.
AECOM Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.04 annualized dividend and a yield of 0.91%. AECOM's dividend payout ratio (DPR) is 22.66%.
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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