Hsbc Holdings PLC Sells 12,815 Shares of AECOM (NYSE:ACM)

Hsbc Holdings PLC lowered its holdings in AECOM (NYSE:ACM) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 201,703 shares of the construction company’s stock after selling 12,815 shares during the period. Hsbc Holdings PLC owned approximately 0.15% of AECOM worth $17,778,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in AECOM during the 1st quarter valued at $1,085,000. Janney Montgomery Scott LLC raised its stake in shares of AECOM by 1,082.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company’s stock valued at $3,411,000 after purchasing an additional 31,838 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in AECOM by 102.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 232,223 shares of the construction company’s stock worth $22,777,000 after purchasing an additional 117,646 shares in the last quarter. SG Americas Securities LLC boosted its stake in AECOM by 1,717.1% in the 1st quarter. SG Americas Securities LLC now owns 163,480 shares of the construction company’s stock worth $16,034,000 after purchasing an additional 154,483 shares during the period. Finally, Plato Investment Management Ltd purchased a new position in AECOM during the 1st quarter valued at about $741,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Trading Down 0.0 %

Shares of ACM stock opened at $101.19 on Monday. The business has a 50-day moving average price of $94.62 and a two-hundred day moving average price of $92.31. AECOM has a 12-month low of $74.40 and a 12-month high of $102.26. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The firm has a market cap of $13.77 billion, a P/E ratio of -1,124.33, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17.

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

AECOM Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ACM shares. Truist Financial reissued a “buy” rating and issued a $108.00 price target (up from $107.00) on shares of AECOM in a report on Wednesday, August 7th. KeyCorp boosted their price target on shares of AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Citigroup lowered their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Royal Bank of Canada boosted their target price 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 stock an “overweight” rating in a research note on Thursday, August 8th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has a consensus rating of “Buy” and a consensus target price of $105.00.

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.