Swiss National Bank Has $40.45 Million Stock Holdings in AECOM (NYSE:ACM)

Swiss National Bank cut its position in shares of AECOM (NYSE:ACM) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 378,680 shares of the construction company’s stock after selling 25,300 shares during the period. Swiss National Bank owned 0.29% of AECOM worth $40,451,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC increased its stake in shares of AECOM by 24.7% during the 4th quarter. HighTower Advisors LLC now owns 14,457 shares of the construction company’s stock worth $1,544,000 after purchasing an additional 2,863 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of AECOM during the 4th quarter worth about $704,000. AGF Management Ltd. grew its stake in AECOM by 0.7% in the 4th quarter. AGF Management Ltd. now owns 871,893 shares of the construction company’s stock valued at $93,136,000 after buying an additional 5,660 shares during the last quarter. Ranch Capital Advisors Inc. grew its stake in AECOM by 2.3% in the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock valued at $479,000 after buying an additional 99 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in AECOM by 50.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 60,900 shares of the construction company’s stock valued at $6,505,000 after buying an additional 20,500 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on ACM. KeyCorp decreased their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Truist Financial upped their price target on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Citigroup decreased their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group began coverage on shares of AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target on the stock. Finally, 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 report on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM presently has a consensus rating of “Buy” and an average price target of $120.38.

AECOM Stock Performance

Shares of AECOM stock opened at $95.19 on Monday. The company has a 50 day moving average of $102.95 and a 200-day moving average of $105.32. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The company has a market cap 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.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. As a group, equities research analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) is presently 29.55%.

AECOM declared that its board has initiated a share buyback program on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 6.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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.