AECOM (NYSE:ACM) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in AECOM (NYSE:ACM) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 77,939 shares of the construction company’s stock after selling 3,107 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of AECOM worth $6,870,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new position in shares of AECOM in the first quarter valued at approximately $25,000. Ables Iannone Moore & Associates Inc. purchased a new position in AECOM in the 4th quarter valued at $28,000. Creekmur Asset Management LLC acquired a new stake in AECOM during the 4th quarter worth $28,000. Rise Advisors LLC acquired a new stake in AECOM during the 1st quarter worth $31,000. Finally, Family Firm Inc. purchased a new stake in shares of AECOM during the second quarter worth $31,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ACM. Citigroup lowered their price target on shares of AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. KeyCorp boosted their target price on AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Robert W. Baird increased their price target on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Barclays upped their target price on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM presently has a consensus rating of “Buy” and a consensus price target of $105.00.

AECOM Price Performance

NYSE:ACM opened at $101.24 on Friday. AECOM has a 52 week low of $74.40 and a 52 week high of $102.26. The stock’s fifty day moving average is $94.34 and its two-hundred day moving average is $92.19. The company has a market capitalization of $13.78 billion, a P/E ratio of -1,124.89, a P/E/G ratio of 1.60 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last posted its earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. The company had revenue of $4.15 billion for 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%. AECOM’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 company posted $0.94 earnings per share. Equities analysts expect that AECOM will post 4.46 EPS for the current year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.87%. AECOM’s payout ratio is currently -977.78%.

About AECOM

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.