AECOM (NYSE:ACM) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in shares of AECOM (NYSE:ACM) by 3.1% in the 4th quarter, HoldingsChannel reports. The firm owned 411,580 shares of the construction company’s stock after selling 13,100 shares during the quarter. Swiss National Bank’s holdings in AECOM were worth $38,042,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACM. Fifth Third Bancorp boosted its stake in shares of AECOM by 9.7% during the third quarter. Fifth Third Bancorp now owns 1,683 shares of the construction company’s stock valued at $140,000 after acquiring an additional 149 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of AECOM by 4.0% during the third quarter. CIBC Asset Management Inc now owns 3,897 shares of the construction company’s stock worth $324,000 after buying an additional 151 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of AECOM by 4.1% in the fourth quarter. Pinnacle Associates Ltd. now owns 4,522 shares of the construction company’s stock valued at $418,000 after buying an additional 177 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of AECOM by 0.5% during the fourth quarter. Arizona State Retirement System now owns 36,221 shares of the construction company’s stock valued at $3,348,000 after buying an additional 196 shares during the period. Finally, Flputnam Investment Management Co. boosted its position in AECOM by 0.4% during the third quarter. Flputnam Investment Management Co. now owns 45,832 shares of the construction company’s stock worth $3,806,000 after acquiring an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ACM shares. Truist Financial started coverage on AECOM in a report on Thursday, March 14th. They set a “buy” rating and a $106.00 price objective on the stock. Citigroup lifted their target price on shares of AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $109.00 target price on shares of AECOM in a report on Wednesday, February 7th. Barclays increased their price objective on shares of AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, TheStreet upgraded shares of AECOM from a “c+” rating to a “b” rating in a research note on Monday, February 5th. Eight 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 an average price target of $106.43.

AECOM Trading Down 3.2 %

Shares of NYSE ACM opened at $93.18 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. The stock’s 50 day moving average price is $93.90 and its two-hundred day moving average price is $89.77. AECOM has a 52-week low of $74.40 and a 52-week high of $98.72. The stock has a market capitalization of $12.67 billion, a P/E ratio of 207.07, a PEG ratio of 1.41 and a beta of 1.23.

AECOM (NYSE:ACM) last released its earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share 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 business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts anticipate that AECOM will post 4.43 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s payout ratio is 195.56%.

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.