Forsta AP Fonden Sells 2,300 Shares of AECOM (NYSE:ACM)

Key Points

• Forsta AP Fonden has decreased its stake in AECOM by 2.9%, selling 2,300 shares during the first quarter, which leaves it with approximately 76,800 shares valued at $7.12 million.
• Several hedge funds, including Wellington Management Group and Franklin Resources, have recently increased their holdings in AECOM, indicating institutional interest in the stock.
• AECOM's stock ratings have improved, with multiple analysts raising their price targets, including Bank of America who set it at $124.00 and UBS who has it at $139.00.

Forsta AP Fonden decreased its position in AECOM (NYSE:ACM - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,800 shares of the construction company's stock after selling 2,300 shares during the quarter. Forsta AP Fonden owned 0.06% of AECOM worth $7,122,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ACM. National Bank of Canada FI lifted its holdings in AECOM by 5.3% in the first quarter. National Bank of Canada FI now owns 77,335 shares of the construction company's stock worth $7,170,000 after acquiring an additional 3,861 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of AECOM by 33.4% in the 1st quarter. Citigroup Inc. now owns 680,059 shares of the construction company's stock worth $63,062,000 after purchasing an additional 170,235 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of AECOM by 16.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 116,269 shares of the construction company's stock worth $10,782,000 after purchasing an additional 16,597 shares during the last quarter. Headlands Technologies LLC acquired a new position in AECOM during the 1st quarter valued at approximately $77,000. Finally, Deutsche Bank AG grew its stake in AECOM by 2.7% during the 1st quarter. Deutsche Bank AG now owns 1,144,329 shares of the construction company's stock worth $106,114,000 after buying an additional 29,748 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ACM. Robert W. Baird boosted 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. KeyCorp lifted their price objective on shares of AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Barclays upped their target price on shares of AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday. UBS Group lifted their price target on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Bank of America increased their price objective on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $128.44.

AECOM Trading Up 0.9%

ACM stock traded up $1.10 during mid-day trading on Wednesday, reaching $121.98. 829,915 shares of the stock traded hands, compared to its average volume of 995,907. The stock's fifty day moving average is $113.62 and its 200-day moving average is $104.54. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. AECOM has a 52-week low of $85.00 and a 52-week high of $122.04. The company has a market cap of $16.16 billion, a P/E ratio of 26.58, a P/E/G ratio of 1.77 and a beta of 0.99.

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

AECOM Announces Dividend

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

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.