Elo Mutual Pension Insurance Co Cuts Position in AECOM (NYSE:ACM)

Elo Mutual Pension Insurance Co trimmed its holdings in shares of AECOM (NYSE:ACM) by 6.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,611 shares of the construction company’s stock after selling 814 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in AECOM were worth $1,023,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in AECOM in the 1st quarter valued at $1,085,000. Janney Montgomery Scott LLC boosted its holdings in shares of AECOM by 1,082.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company’s stock worth $3,411,000 after buying an additional 31,838 shares during the last quarter. Norges Bank bought a new position in AECOM during the fourth quarter valued at about $159,060,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in AECOM by 102.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 232,223 shares of the construction company’s stock worth $22,777,000 after buying an additional 117,646 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in AECOM by 1,717.1% in the first quarter. SG Americas Securities LLC now owns 163,480 shares of the construction company’s stock worth $16,034,000 after acquiring an additional 154,483 shares during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ACM. Truist Financial reissued a “buy” rating and set a $108.00 target price (up from $107.00) on shares of AECOM in a research report on Wednesday, August 7th. Robert W. Baird raised their target price on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Citigroup dropped their price target on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Barclays lifted their price objective on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Finally, KeyCorp increased their target price on shares of AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $105.00.

AECOM Trading Down 0.0 %

Shares of AECOM stock opened at $101.20 on Friday. The company’s 50-day moving average price is $94.62 and its 200-day moving average price is $92.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. AECOM has a 12-month low of $74.40 and a 12-month high of $102.26. The company has a market cap 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 (NYSE:ACM) last posted its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. The business 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%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 EPS. On average, equities analysts expect that AECOM will post 4.46 earnings per share for the current fiscal year.

AECOM Dividend Announcement

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 $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is -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.