Charles Schwab Investment Management Inc. Lowers Stake in AECOM (NYSE:ACM)

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in AECOM by 0.4% during Q1, owning 889,953 shares worth approximately $82.5 million at quarter-end.
• Multiple institutional investors, including Franklin Resources and Barclays PLC, significantly increased their stakes in AECOM during the fourth quarter, indicating strong interest from hedge funds.
• AECOM recently reported earnings of $1.34 per share, surpassing estimates, and announced a quarterly dividend of $0.26 per share, reflecting a 0.9% yield.

Charles Schwab Investment Management Inc. lowered its stake in shares of AECOM (NYSE:ACM - Free Report) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 889,953 shares of the construction company's stock after selling 3,950 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.67% of AECOM worth $82,525,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 valued at $286,305,000 after purchasing an additional 691,020 shares in the last quarter. Northern Trust Corp raised its holdings in 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 purchasing an additional 580,078 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in AECOM during the 4th quarter worth about $16,957,000. GAMMA Investing LLC increased its stake in shares of AECOM by 9,543.2% in the 1st quarter. GAMMA Investing LLC now owns 147,348 shares of the construction company's stock valued at $13,664,000 after acquiring an additional 145,820 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of AECOM by 22.2% in the 4th quarter. Nuveen Asset Management LLC now owns 797,076 shares of the construction company's stock valued at $85,144,000 after acquiring an additional 144,563 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

AECOM Stock Down 0.6%

Shares of AECOM stock traded down $0.73 on Friday, reaching $119.39. The company's stock had a trading volume of 519,242 shares, compared to its average volume of 938,251. The company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 1.78 and a beta of 0.99. AECOM has a 52 week low of $85.00 and a 52 week high of $122.04. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm's fifty day simple moving average is $114.19 and its two-hundred day simple moving average is $104.85.

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

AECOM Dividend Announcement

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

Analysts Set New Price Targets

ACM has been the subject of a number of recent research reports. Citigroup reaffirmed a "buy" rating and set a $137.00 price target (up previously from $122.00) on shares of AECOM in a research report on Monday, July 28th. Barclays raised their price target on AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday. Bank of America raised their price target on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. KeyCorp raised their price target on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised AECOM from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM presently has an average rating of "Buy" and a consensus price target of $128.44.

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.