Forsta AP Fonden Has $1.97 Million Holdings in AECOM (NYSE:ACM)

Forsta AP Fonden trimmed its holdings in AECOM (NYSE:ACM) by 18.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,300 shares of the construction company’s stock after selling 5,000 shares during the period. Forsta AP Fonden’s holdings in AECOM were worth $1,966,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ACM. EntryPoint Capital LLC acquired a new position in AECOM in the 1st quarter valued at about $25,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of AECOM in the fourth quarter valued at approximately $28,000. Creekmur Asset Management LLC bought a new position in shares of AECOM during the fourth quarter worth approximately $28,000. Rise Advisors LLC bought a new position in shares of AECOM during the first quarter worth approximately $31,000. Finally, Family Firm Inc. acquired a new stake in AECOM during the 2nd quarter worth approximately $31,000. 85.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on ACM shares. Royal Bank of Canada increased their target price on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. UBS Group raised their price objective on AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Citigroup cut their target price on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Robert W. Baird raised their price target on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, KeyCorp boosted their price target on AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $105.00.

AECOM Price Performance

AECOM stock opened at $98.40 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a 52 week low of $74.40 and a 52 week high of $102.26. The stock has a market capitalization of $13.39 billion, a P/E ratio of -1,093.33, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17. The stock has a fifty day moving average of $93.44 and a 200-day moving average of $92.02.

AECOM (NYSE:ACM) last posted its earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $1.85 billion. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. On average, sell-side analysts expect that AECOM will post 4.46 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.89%. AECOM’s payout ratio is presently -977.78%.

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.