Bokf Na cut its stake in AECOM (NYSE:ACM – Free Report) by 66.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,700 shares of the construction company’s stock after selling 7,459 shares during the quarter. Bokf Na’s holdings in AECOM were worth $312,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Arizona State Retirement System grew its position in shares of AECOM by 2.8% in the fourth quarter. Arizona State Retirement System now owns 37,435 shares of the construction company’s stock valued at $3,179,000 after purchasing an additional 1,024 shares in the last quarter. Machina Capital S.A.S. purchased a new position in shares of AECOM in the first quarter valued at $329,000. Quadrant Capital Group LLC grew its position in AECOM by 35.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,087 shares of the construction company’s stock worth $92,000 after buying an additional 282 shares in the last quarter. AMJ Financial Wealth Management purchased a new position in AECOM during the first quarter worth about $4,462,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in AECOM by 10.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 20,987 shares of the construction company’s stock worth $1,782,000 after buying an additional 2,019 shares in the last quarter. 84.79% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently commented on ACM. Credit Suisse Group reduced their target price on AECOM from $101.00 to $99.00 and set an “outperform” rating for the company in a research report on Wednesday, August 9th. StockNews.com began coverage on AECOM in a research report on Wednesday, August 23rd. They set a “hold” rating for the company. Finally, Robert W. Baird reduced their target price on AECOM from $103.00 to $100.00 in a research report on Tuesday, May 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $99.14.
AECOM Trading Up 0.9 %
Shares of ACM stock opened at $88.57 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of $86.96 and a two-hundred day moving average price of $84.53. AECOM has a 12-month low of $66.47 and a 12-month high of $92.16. The firm has a market cap of $12.29 billion, a P/E ratio of 92.26, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30.
AECOM (NYSE:ACM – Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). AECOM had a return on equity of 19.02% and a net margin of 0.97%. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the firm earned $0.83 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts anticipate that AECOM will post 3.71 EPS for the current fiscal year.
AECOM Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Thursday, July 6th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Wednesday, July 5th. AECOM’s dividend payout ratio (DPR) is presently 75.00%.
Insider Activity
In other news, CEO Troy Rudd sold 78,097 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $88.33, for a total value of $6,898,308.01. Following the completion of the sale, the chief executive officer now owns 185,942 shares of the company’s stock, valued at approximately $16,424,256.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by corporate insiders.
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 commercial and government clients.
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