AECOM (NYSE:ACM) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of AECOM (NYSE:ACM - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 261,408 shares of the construction company's stock after selling 5,858 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.20% of AECOM worth $24,240,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ACM. Marshall & Sterling Wealth Advisors Inc. acquired a new position in AECOM in the 4th quarter worth approximately $35,000. Kapitalo Investimentos Ltda purchased a new position in shares of AECOM during the fourth quarter worth $62,000. MassMutual Private Wealth & Trust FSB lifted its position in AECOM by 148.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock valued at $55,000 after purchasing an additional 354 shares during the period. Jones Financial Companies Lllp raised its stake in shares of AECOM by 821.4% during the 4th quarter. Jones Financial Companies Lllp now owns 645 shares of the construction company's stock valued at $69,000 after buying an additional 575 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of AECOM by 17.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock worth $74,000 after buying an additional 103 shares during the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Trading Up 1.2%

Shares of ACM stock traded up $1.33 during trading on Friday, hitting $115.79. 441,531 shares of the stock traded hands, compared to its average volume of 928,129. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The firm has a market capitalization of $15.32 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. The firm's fifty day moving average price is $108.67 and its 200-day moving average price is $103.29. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.15 and a quick ratio of 1.15.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. The business had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $4.18 billion. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The company's revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. As a group, research analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Wednesday, July 2nd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.90%. AECOM's dividend payout ratio (DPR) is presently 22.66%.

Analyst Ratings Changes

Several equities research analysts have commented on ACM shares. Robert W. Baird upped 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. KeyCorp cut their price objective on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Citigroup upped their price objective on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Royal Bank Of Canada raised their target price on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Truist Financial reduced their price target on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM currently has an average rating of "Buy" and an average 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.