AECOM (NYSE:ACM) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its stake in shares of AECOM (NYSE:ACM - Free Report) by 10.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,642,124 shares of the construction company's stock after selling 554,025 shares during the period. Pictet Asset Management Holding SA owned approximately 3.50% of AECOM worth $430,461,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACM. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of AECOM during the 4th quarter worth about $35,000. Private Trust Co. NA lifted its stake in AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after buying an additional 112 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in AECOM in the 4th quarter valued at about $55,000. MassMutual Private Wealth & Trust FSB lifted its stake in AECOM by 148.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock valued at $55,000 after buying an additional 354 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in AECOM in the 4th quarter valued at about $62,000. 85.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ACM shares. Royal Bank Of Canada raised their target price on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Truist Financial reduced their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Citigroup lifted their price target on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Robert W. Baird lifted their price target on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Finally, KeyCorp boosted their target price on AECOM from $120.00 to $129.00 and gave the company an "overweight" rating in a research report on Wednesday. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $123.71.

AECOM Stock Performance

ACM traded down $0.65 on Friday, reaching $113.35. The company had a trading volume of 3,147,121 shares, compared to its average volume of 932,478. AECOM has a 1 year low of $84.75 and a 1 year high of $118.56. The stock has a market capitalization of $15.00 billion, a PE ratio of 24.69, a P/E/G ratio of 1.84 and a beta of 0.96. 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 stock has a 50-day moving average price of $111.32 and a 200-day moving average price of $103.76.

AECOM (NYSE:ACM - Get Free Report) last announced its 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 business had revenue of $3.77 billion during 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%. The business's revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 earnings per share. As a group, research analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders 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 0.92%. AECOM's 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.