AECOM (NYSE:ACM) Stake Cut by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its holdings in shares of AECOM (NYSE:ACM) by 67.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,221 shares of the construction company’s stock after selling 17,050 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in AECOM were worth $878,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of AECOM by 17.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock valued at $205,429,000 after buying an additional 289,513 shares during the period. National Bank of Canada FI lifted its holdings in AECOM by 1,847.8% in the third quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock worth $28,384,000 after acquiring an additional 260,746 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in AECOM by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after acquiring an additional 220,035 shares during the period. Verition Fund Management LLC grew its holdings in shares of AECOM by 293.7% during the third quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company’s stock valued at $18,651,000 after purchasing an additional 134,730 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of AECOM by 58.1% during the 4th quarter. Teacher Retirement System of Texas now owns 349,991 shares of the construction company’s stock worth $37,386,000 after purchasing an additional 128,580 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. KeyCorp lowered their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird cut their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. Finally, Citigroup reduced their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has an average rating of “Buy” and an average target price of $120.38.

AECOM Stock Down 0.1 %

ACM stock opened at $94.54 on Friday. The firm’s 50-day moving average is $100.67 and its two-hundred day moving average is $105.06. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. On average, analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be issued a $0.26 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.10%. AECOM’s dividend payout ratio (DPR) is 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.