SG Americas Securities LLC Sells 80,243 Shares of AECOM (NYSE:ACM)

SG Americas Securities LLC lessened its holdings in AECOM (NYSE:ACM) by 39.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,038 shares of the construction company’s stock after selling 80,243 shares during the period. SG Americas Securities LLC owned about 0.09% of AECOM worth $12,706,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in AECOM in the first quarter valued at about $1,085,000. Janney Montgomery Scott LLC grew its position in AECOM by 1,082.9% in the first quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company’s stock valued at $3,411,000 after acquiring an additional 31,838 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in AECOM by 102.7% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 232,223 shares of the construction company’s stock valued at $22,777,000 after acquiring an additional 117,646 shares during the last quarter. Plato Investment Management Ltd bought a new position in AECOM in the first quarter valued at about $741,000. Finally, Price T Rowe Associates Inc. MD grew its position in AECOM by 7.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 87,301 shares of the construction company’s stock valued at $8,564,000 after acquiring an additional 6,003 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

ACM has been the topic of several research reports. Truist Financial boosted their price target on AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a report on Friday. Barclays boosted their price target on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Citigroup reduced their price target on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Royal Bank of Canada boosted their price target on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, KeyCorp lifted their price objective on AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $106.57.

AECOM Trading Up 1.1 %

ACM traded up $1.17 during trading on Friday, hitting $103.74. The company’s stock had a trading volume of 515,885 shares, compared to its average volume of 803,599. AECOM has a twelve month low of $74.40 and a twelve month high of $104.63. 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 stock’s fifty day moving average price is $97.26 and its 200-day moving average price is $93.08. The firm has a market capitalization of $14.12 billion, a P/E ratio of -1,152.22, a PEG ratio of 1.70 and a beta of 1.17.

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

AECOM Dividend Announcement

The company 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. The ex-dividend date is Wednesday, October 2nd. This represents a $0.88 annualized dividend and a dividend yield of 0.85%. AECOM’s dividend payout ratio is -977.78%.

AECOM 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.