Mn Services Vermogensbeheer B.V. Sells 6,700 Shares of AECOM (NYSE:ACM)

Mn Services Vermogensbeheer B.V. lowered its stake in AECOM (NYSE:ACM - Free Report) by 11.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,600 shares of the construction company's stock after selling 6,700 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in AECOM were worth $4,599,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Valeo Financial Advisors LLC acquired a new position in AECOM in the fourth quarter valued at $212,000. Principal Securities Inc. lifted its holdings in AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after buying an additional 116 shares during the period. Allworth Financial LP lifted its holdings in AECOM by 390.6% in the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after buying an additional 207 shares during the period. CIBC Asset Management Inc lifted its holdings in AECOM by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,161 shares of the construction company's stock valued at $444,000 after buying an additional 212 shares during the period. Finally, Truist Financial Corp increased its stake in AECOM by 28.7% in the fourth quarter. Truist Financial Corp now owns 9,851 shares of the construction company's stock valued at $1,052,000 after purchasing an additional 2,194 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ACM. Truist Financial decreased their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Royal Bank Of Canada boosted their target price on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Citigroup boosted their target price 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. Robert W. Baird boosted their target price 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. Finally, KeyCorp decreased their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM has an average rating of "Buy" and a consensus price target of $120.86.

AECOM Stock Down 0.7%

ACM stock traded down $0.79 during trading on Friday, reaching $109.61. The stock had a trading volume of 4,759,428 shares, compared to its average volume of 931,320. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 1.77 and a beta of 0.97. AECOM has a one year low of $82.23 and a one year high of $118.56. The company's 50 day moving average is $104.94 and its two-hundred day moving average is $103.15.

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

AECOM Announces Dividend

The company 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 dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) is presently 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.