Skandinaviska Enskilda Banken AB publ increased its stake in shares of AECOM (NYSE:ACM - Free Report) by 20.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,454 shares of the construction company's stock after buying an additional 5,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in AECOM were worth $2,917,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its position in AECOM by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock valued at $397,196,000 after purchasing an additional 373,991 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in AECOM by 34.7% in the fourth 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 during the period. Norges Bank purchased a new stake in AECOM in the fourth quarter valued at $190,495,000. Northern Trust Corp raised its position in AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock valued at $177,844,000 after purchasing an additional 580,078 shares during the period. Finally, FMR LLC raised its position in AECOM by 2.9% in the fourth quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock valued at $145,330,000 after purchasing an additional 38,177 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Robert W. Baird lifted their target price on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Citigroup restated a "buy" rating and issued a $137.00 target price (up previously from $122.00) on shares of AECOM in a research report on Monday. KeyCorp lifted their target price on AECOM from $120.00 to $129.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Truist Financial reduced their target price on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank Of Canada lifted their target price on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $125.86.
View Our Latest Report on ACM
AECOM Trading Down 1.8%
Shares of ACM stock traded down $2.06 on Friday, hitting $110.68. The stock had a trading volume of 512,227 shares, compared to its average volume of 995,248. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $14.64 billion, a P/E ratio of 24.16, a P/E/G ratio of 1.82 and a beta of 0.96. AECOM has a 1 year low of $84.75 and a 1 year high of $118.56. The company's 50 day moving average price is $112.17 and its 200-day moving average price is $104.10.
AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.10. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The company's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 EPS. Analysts anticipate that AECOM will post 5.1 earnings per share for the current year.
AECOM Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's payout ratio is presently 22.66%.
AECOM Profile
(
Free Report)
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.
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