Tredje AP fonden Decreases Holdings in AECOM (NYSE:ACM)

Tredje AP fonden decreased its holdings in shares of AECOM (NYSE:ACM) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,691 shares of the construction company’s stock after selling 10,690 shares during the period. Tredje AP fonden’s holdings in AECOM were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Magnus Financial Group LLC grew its position in shares of AECOM by 93.5% during the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock valued at $519,000 after acquiring an additional 2,348 shares during the period. JPMorgan Chase & Co. grew its position in shares of AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after acquiring an additional 220,035 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of AECOM by 5.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company’s stock valued at $26,714,000 after acquiring an additional 12,224 shares during the period. TT International Asset Management LTD bought a new stake in shares of AECOM during the 4th quarter valued at $3,578,000. Finally, Park Avenue Securities LLC grew its position in shares of AECOM by 176.9% during the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock valued at $773,000 after acquiring an additional 4,625 shares during the period. Institutional investors own 85.41% of the company’s stock.

AECOM Stock Up 2.2 %

ACM opened at $95.19 on Friday. The firm has a 50-day simple moving average of $102.95 and a two-hundred day simple moving average of $105.26. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The company has a market capitalization of $12.63 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio is 29.55%.

AECOM announced that its Board of Directors has initiated a stock repurchase plan on Monday, November 18th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to repurchase up to 6.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ACM. Robert W. Baird cut their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group started coverage on shares of AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 target price for the company. Barclays upped their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. KeyCorp dropped their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Truist Financial upped their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has a consensus rating of “Buy” and a consensus price target of $120.38.

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.