AECOM (NYSE:ACM) Stock Position Decreased by Investment Management Corp of Ontario

Investment Management Corp of Ontario cut its stake in shares of AECOM (NYSE:ACM) by 24.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,702 shares of the construction company’s stock after selling 8,441 shares during the quarter. Investment Management Corp of Ontario’s holdings in AECOM were worth $2,852,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ACM. Norges Bank bought a new stake in shares of AECOM during the 4th quarter worth $190,495,000. Northern Trust Corp boosted its position in shares of AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company’s stock worth $177,844,000 after buying an additional 580,078 shares during the period. Alliancebernstein L.P. boosted its position in shares of AECOM by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company’s stock worth $397,196,000 after buying an additional 373,991 shares during the period. Sandhill Capital Partners LLC acquired a new stake in shares of AECOM in the fourth quarter worth $36,933,000. Finally, Schonfeld Strategic Advisors LLC boosted its position in shares of AECOM by 2,169.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 140,649 shares of the construction company’s stock worth $15,024,000 after buying an additional 134,452 shares during the period. 85.41% of the stock is owned by institutional investors.

AECOM Price Performance

ACM opened at $104.67 on Monday. The stock has a market cap of $13.85 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 1.63 and a beta of 0.96. 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 stock has a fifty day moving average price of $95.47 and a 200 day moving average price of $103.47.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $4.18 billion. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 earnings per share. Analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 0.99%. AECOM’s dividend payout ratio (DPR) is currently 22.66%.

Analysts Set New Price Targets

ACM has been the subject of several recent analyst reports. Robert W. Baird raised their target price on AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 6th. Citigroup raised their target price on AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Truist Financial decreased their target price on AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Barclays raised their target price on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, KeyCorp decreased their target price on AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $119.00.

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.