Bank of Nova Scotia Has $357,000 Position in AECOM (NYSE:ACM)

Key Points

• Bank of Nova Scotia has reduced its stake in AECOM by 86.3%, selling 24,168 shares and maintaining only 3,846 shares, valued at $357,000.
• AECOM reported $1.34 earnings per share (EPS) for the last quarter, exceeding the consensus estimate of $1.25 and showing a revenue increase of 6.2% year-over-year.
• The company recently declared a quarterly dividend of $0.26 per share, reflecting an annualized dividend of $1.04 and a dividend yield of 0.9%.

Bank of Nova Scotia trimmed its position in shares of AECOM (NYSE:ACM - Free Report) by 86.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,846 shares of the construction company's stock after selling 24,168 shares during the period. Bank of Nova Scotia's holdings in AECOM were worth $357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC acquired a new position in shares of AECOM during the first quarter valued at about $256,000. Private Trust Co. NA lifted its position in shares of AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after purchasing an additional 112 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of AECOM by 3.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company's stock worth $722,000 after purchasing an additional 286 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in AECOM by 170.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company's stock valued at $2,461,000 after buying an additional 16,718 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in AECOM by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 12,602 shares of the construction company's stock valued at $1,346,000 after buying an additional 603 shares during the period. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ACM shares. Wall Street Zen raised shares of AECOM from a "hold" rating to a "buy" rating in a research report on Saturday. Robert W. Baird raised their price target on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. KeyCorp lifted their price target on shares of AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Bank of America upped their price target on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada boosted their price target on shares of AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Ten research 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 price target of $127.33.

AECOM Stock Performance

Shares of ACM stock traded up $0.76 during midday trading on Monday, hitting $119.19. The company had a trading volume of 931,602 shares, compared to its average volume of 999,401. AECOM has a 52-week low of $85.00 and a 52-week high of $121.73. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $15.79 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 1.76 and a beta of 0.99. The company's 50 day simple moving average is $113.22 and its 200 day simple moving average is $104.35.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. The business's revenue for the quarter was up 6.2% on a year-over-year basis. Research analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

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

About AECOM

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.