Legal & General Group Plc Lowers Stock Holdings in AECOM (NYSE:ACM)

Legal & General Group Plc lessened its position in AECOM (NYSE:ACM) by 32.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 390,647 shares of the construction company’s stock after selling 189,864 shares during the quarter. Legal & General Group Plc’s holdings in AECOM were worth $41,729,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Principal Securities Inc. grew its holdings in shares of 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 purchasing an additional 116 shares in the last quarter. Allworth Financial LP boosted its position in AECOM by 390.6% in the 4th 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. National Pension Service acquired a new position in shares of AECOM in the fourth quarter worth $32,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of AECOM during the fourth quarter worth $51,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of AECOM in the fourth quarter valued at $55,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Robert W. Baird decreased their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Barclays boosted their price target on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. KeyCorp reduced their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Citigroup decreased their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, Truist Financial dropped their target price on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $119.38.

AECOM Stock Up 0.5 %

Shares of NYSE:ACM opened at $93.66 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $12.42 billion, a P/E ratio of 26.61, a P/E/G ratio of 1.63 and a beta of 1.03. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The stock’s fifty day simple moving average is $96.71 and its 200-day simple moving average is $104.46.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. As a group, equities research analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio is currently 29.55%.

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.