4 hours Ago By ABMN Staff
Victory Capital Management Inc. trimmed its stake in AECOM ( NYSE:ACM – Free Report ) by 3.7% in the 4th quarter, HoldingsChannel reports.
The firm owned 60,028 shares of the construction company’s stock after selling 2,280 shares during the quarter. Victory Capital Management Inc.’s holdings in AECOM were worth $6,412,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Magnus Financial Group LLC lifted its position in shares of AECOM by 93.5% in the 4th quarter.
Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock worth $519,000 after purchasing an additional 2,348 shares during the period. JPMorgan Chase & Co. increased its stake in shares of AECOM by 40.
1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after acquiring an additional 220,035 shares in the last quarter.
Sumitomo Mitsui Trust Group Inc. increased its stake in shares of AECOM by 5.0% in the 3rd quarter.
Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company’s stock worth $26,714,000 after acquiring an additional 12,224 shares in the last quarter. TT International Asset Management LTD bought a new position in shares of AECOM in the 4th quarter worth about $3,578,000.
Finally, Park Avenue Securities LLC increased its stake in shares of AECOM by 176.9% in the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock worth $773,000 after acquiring an additional 4,625 shares in the last quarter.
85.41% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes Several brokerages recently issued reports on ACM.
Robert W. Baird decreased their price target 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. The Goldman Sachs Group began coverage on shares of AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.
00 price target for the company. Truist Financial increased their price target on shares of AECOM from $119.00 to $129.
00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. KeyCorp decreased their price target on shares of AECOM from $122.00 to $121.
00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays increased their price target on shares of AECOM from $105.00 to $120.
00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM presently has an average rating of “Buy” and a consensus target price of $120.
38. AECOM Stock Up 2.2 % NYSE:ACM opened at $95.
19 on Friday. The firm has a market cap of $12.63 billion, a P/E ratio of 27.
04, a P/E/G ratio of 1.63 and a beta of 1.22.
The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.
14. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.
56. The firm has a 50-day simple moving average of $102.95 and a two-hundred day simple moving average of $105.
26. AECOM ( NYSE:ACM – Get Free Report ) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.
31 EPS for the quarter, topping 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%.
Analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year. AECOM announced that its Board of Directors has approved a share repurchase program on Monday, November 18th that authorizes the company to repurchase $1.
00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.8% of its stock through open market purchases.
Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued. AECOM Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be paid a $0.
26 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.
04 dividend on an annualized basis and a dividend yield of 1.09%. AECOM’s dividend payout ratio is presently 29.
55%. AECOM Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding ACM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AECOM ( NYSE:ACM – Free Report ).
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