Invesco Ltd. Sells 27,672 Shares of AECOM (NYSE:ACM)

Invesco Ltd. reduced its holdings in shares of AECOM (NYSE:ACM - Free Report) by 1.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,435,289 shares of the construction company's stock after selling 27,672 shares during the quarter. Invesco Ltd. owned approximately 1.84% of AECOM worth $225,824,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. TCTC Holdings LLC grew its stake in shares of AECOM by 120.3% during the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after acquiring an additional 166 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of AECOM during the 4th quarter worth $35,000. Private Trust Co. NA grew its stake in shares of AECOM by 37.2% during the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after acquiring an additional 112 shares during the period. Eastern Bank bought a new position in shares of AECOM during the 1st quarter worth $49,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of AECOM by 148.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock worth $55,000 after acquiring an additional 354 shares during the period. 85.41% of the stock is currently owned by institutional investors.

AECOM Price Performance

Shares of ACM traded down $0.73 during midday trading on Friday, reaching $119.39. The stock had a trading volume of 519,242 shares, compared to its average volume of 938,251. The company's 50-day moving average is $114.19 and its 200 day moving average is $104.85. AECOM has a 12-month low of $85.00 and a 12-month high of $122.04. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data 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. AECOM had a return on equity of 27.87% and a net margin of 3.82%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $4.33 billion. During the same period in the prior year, the business earned $1.16 EPS. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ACM. Robert W. Baird lifted their price target on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Barclays lifted their price target on AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. Royal Bank Of Canada lifted their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Citigroup reiterated a "buy" rating and issued a $137.00 price target (up from $122.00) on shares of AECOM in a research report on Monday, July 28th. Finally, Wall Street Zen upgraded AECOM from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $128.44.

AECOM 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.