Swiss National Bank Trims Holdings in AECOM (NYSE:ACM)

Swiss National Bank cut its stake in shares of AECOM (NYSE:ACM - Free Report) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 411,580 shares of the construction company's stock after selling 13,100 shares during the period. Swiss National Bank owned 0.30% of AECOM worth $38,042,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ACM. Oak Thistle LLC acquired a new position in shares of AECOM in the fourth quarter valued at $1,789,000. Raymond James & Associates boosted its holdings in shares of AECOM by 5.4% during the fourth quarter. Raymond James & Associates now owns 33,923 shares of the construction company's stock worth $3,136,000 after acquiring an additional 1,740 shares during the period. iA Global Asset Management Inc. grew its position in shares of AECOM by 33.3% in the third quarter. iA Global Asset Management Inc. now owns 180,575 shares of the construction company's stock valued at $14,995,000 after purchasing an additional 45,098 shares during the last quarter. Comerica Bank bought a new position in shares of AECOM during the third quarter worth approximately $5,454,000. Finally, Pallas Capital Advisors LLC acquired a new stake in AECOM during the 4th quarter worth approximately $340,000. 85.41% of the stock is currently owned by institutional investors.

AECOM Price Performance

ACM stock traded down $0.87 during trading on Wednesday, reaching $92.27. 797,282 shares of the company were exchanged, compared to its average volume of 739,048. AECOM has a twelve month low of $74.40 and a twelve month high of $98.72. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 205.05, a P/E/G ratio of 1.41 and a beta of 1.23. The company has a 50-day moving average of $93.96 and a two-hundred day moving average of $89.79.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, May 6th. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.01). AECOM had a net margin of 0.42% and a return on equity of 21.45%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company earned $0.92 EPS. The business's quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts predict that AECOM will post 4.43 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, April 23rd. AECOM's dividend payout ratio is currently 195.56%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $109.00 price target on shares of AECOM in a research note on Wednesday, February 7th. Barclays boosted their price target on AECOM from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Tuesday, February 13th. Truist Financial reaffirmed a "buy" rating and issued a $113.00 price objective (up from $106.00) on shares of AECOM in a report on Wednesday. KeyCorp raised their price target on AECOM from $104.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, April 19th. Finally, Citigroup increased their price objective on shares of AECOM from $107.00 to $116.00 and gave the stock a "buy" rating in a research note on Monday, April 22nd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM presently has an average rating of "Buy" and an average target price of $107.43.

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.