Tredje AP fonden Sells 334 Shares of AECOM (NYSE:ACM)

Tredje AP fonden cut its stake in shares of AECOM (NYSE:ACM) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,381 shares of the construction company’s stock after selling 334 shares during the quarter. Tredje AP fonden’s holdings in AECOM were worth $1,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ACM. Findlay Park Partners LLP increased its holdings in AECOM by 22.6% in the 1st quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock worth $251,215,000 after purchasing an additional 472,944 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of AECOM by 15.5% during the second quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock worth $154,464,000 after purchasing an additional 235,350 shares during the last quarter. Norges Bank acquired a new position in shares of AECOM in the fourth quarter valued at approximately $159,060,000. Bank of New York Mellon Corp raised its holdings in AECOM by 18.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock valued at $143,573,000 after buying an additional 258,250 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in AECOM by 2.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 980,228 shares of the construction company’s stock valued at $96,141,000 after buying an additional 26,079 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on ACM. Royal Bank of Canada raised their price target on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Barclays upped their price target on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. KeyCorp raised their price objective on AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Truist Financial reiterated a “buy” rating and issued a $108.00 target price (up from $107.00) on shares of AECOM in a report on Wednesday, August 7th. Finally, Robert W. Baird raised their price target on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $105.00.

AECOM Price Performance

AECOM stock opened at $101.20 on Friday. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of -1,124.44, a PEG ratio of 1.60 and a beta of 1.17. AECOM has a 52-week low of $74.40 and a 52-week high of $102.26. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s 50 day moving average price is $94.62 and its two-hundred day moving average price is $92.27.

AECOM (NYSE:ACM) last issued 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. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the company posted $0.94 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. On average, equities analysts predict that AECOM will post 4.46 earnings per share for the current year.

AECOM Announces Dividend

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