BI Asset Management Fondsmaeglerselskab A S Decreases Stock Holdings in AECOM (NYSE:ACM)

BI Asset Management Fondsmaeglerselskab A S cut its stake in AECOM (NYSE:ACM) by 11.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 278,078 shares of the construction company’s stock after selling 36,971 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in AECOM were worth $29,704,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Stifel Financial Corp raised its holdings in shares of AECOM by 5.7% during the 3rd quarter. Stifel Financial Corp now owns 13,287 shares of the construction company’s stock worth $1,372,000 after acquiring an additional 719 shares during the period. Wellington Management Group LLP boosted its holdings in AECOM by 4.8% in the 3rd quarter. Wellington Management Group LLP now owns 11,999 shares of the construction company’s stock valued at $1,239,000 after purchasing an additional 546 shares during the last quarter. MML Investors Services LLC acquired a new position in AECOM in the 3rd quarter valued at about $831,000. Franklin Resources Inc. grew its stake in shares of AECOM by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock valued at $655,000 after buying an additional 91 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of AECOM during the 3rd quarter worth approximately $2,928,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Up 1.1 %

AECOM stock opened at $94.24 on Friday. The firm has a market capitalization of $12.50 billion, a P/E ratio of 26.77, a P/E/G ratio of 1.63 and a beta of 1.03. The stock’s fifty day simple moving average is $95.41 and its 200-day simple moving average is $104.14. AECOM has a twelve month low of $82.23 and a twelve month 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 results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts expect 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 was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.10%. AECOM’s payout ratio is 29.55%.

Analyst Upgrades and Downgrades

ACM has been the topic of a number of research analyst reports. KeyCorp reduced their target price on AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a research report on Wednesday. Truist Financial reduced their price objective on shares of AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Robert W. Baird lowered their target price on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Citigroup reduced their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, Barclays lifted their target price on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $117.88.

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.