Swiss National Bank Acquires 2,600 Shares of AECOM (NYSE:ACM)

Posted by on May 12th, 2023

Swiss National Bank increased its holdings in AECOM (NYSE:ACM – Get Rating) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,280 shares of the construction company’s stock after acquiring an additional 2,600 shares during the quarter. Swiss National Bank owned about 0.23% of AECOM worth $27,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in shares of AECOM in the 1st quarter worth about $25,000. Bessemer Group Inc. boosted its holdings in shares of AECOM by 4,060.0% during the 3rd quarter. Bessemer Group Inc. now owns 416 shares of the construction company’s stock valued at $28,000 after acquiring an additional 406 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of AECOM by 20.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 805 shares of the construction company’s stock valued at $55,000 after acquiring an additional 136 shares during the last quarter. Fred Alger Management LLC purchased a new position in shares of AECOM in the third quarter worth approximately $59,000. Finally, Wipfli Financial Advisors LLC purchased a new position in shares of AECOM in the third quarter worth approximately $83,000. 84.26% of the stock is currently owned by institutional investors.

AECOM Stock Down 2.7 %

Shares of ACM opened at $77.88 on Friday. The firm has a market capitalization of $10.82 billion, a P/E ratio of 32.59, a P/E/G ratio of 2.07 and a beta of 1.29. AECOM has a 12-month low of $60.74 and a 12-month high of $92.16. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.80. The firm has a fifty day moving average price of $83.03 and a 200-day moving average price of $83.56.

AECOM (NYSE:ACM – Get Rating) last issued its earnings results on Tuesday, May 9th. The construction company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.38 billion. AECOM had a net margin of 2.54% and a return on equity of 18.50%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 earnings per share. Equities research analysts expect that AECOM will post 3.67 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Wednesday, April 5th were issued a $0.18 dividend. The ex-dividend date was Tuesday, April 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.92%. AECOM’s payout ratio is currently 30.13%.

Analyst Ratings Changes

A number of equities research analysts have commented on ACM shares. StockNews.com cut shares of AECOM from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup raised their target price on shares of AECOM from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, February 8th. KeyCorp raised their target price on shares of AECOM from $91.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 17th. Credit Suisse Group upgraded shares of AECOM from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $95.00 to $98.00 in a research note on Thursday, January 12th. Finally, Robert W. Baird reduced their price objective on shares of AECOM from $103.00 to $100.00 in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $99.00.

AECOM Company Profile

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AECOM engages in the design, manufacture, financing, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Americas, International, and AECOM Capital. The Americas segment deals with planning, consulting, architectural and engineering design and construction management services to commercial and government clients in the United States, Canada and Latin America in major end markets such as transportation, water, government, facilities, environmental and energy.

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Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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