BNP PARIBAS ASSET MANAGEMENT Holding S.A. Boosts Holdings in AECOM $ACM

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in AECOM (NYSE:ACM) by 28.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,053 shares of the construction company’s stock after purchasing an additional 12,502 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in AECOM were worth $6,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ACM. Nuveen LLC purchased a new stake in AECOM in the 1st quarter worth approximately $78,900,000. The Manufacturers Life Insurance Company lifted its stake in AECOM by 421.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company’s stock worth $86,821,000 after purchasing an additional 756,859 shares in the last quarter. Northern Trust Corp lifted its stake in AECOM by 33.2% in the 1st quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company’s stock worth $205,713,000 after purchasing an additional 553,519 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in AECOM in the 2nd quarter worth approximately $414,000. Finally, Nordea Investment Management AB lifted its stake in AECOM by 65.0% in the 2nd quarter. Nordea Investment Management AB now owns 717,270 shares of the construction company’s stock worth $80,506,000 after purchasing an additional 282,649 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACM has been the topic of several recent analyst reports. Wall Street Zen cut shares of AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings restated a “buy (b)” rating on shares of AECOM in a research report on Wednesday, October 8th. KeyCorp raised their price objective on shares of AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Truist Financial raised their price objective on shares of AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, UBS Group raised their price objective on shares of AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $137.30.

Insider Buying and Selling

In related news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction on Friday, August 15th. The shares were sold at an average price of $119.56, for a total value of $6,348,277.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

AECOM Stock Performance

AECOM stock opened at $130.92 on Wednesday. The firm’s fifty day moving average price is $129.71 and its 200-day moving average price is $117.70. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $17.34 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $135.00.

AECOM (NYSE:ACM) last issued its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.09. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 EPS. On average, equities research analysts expect 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 was paid on Friday, October 17th. Investors of record on Wednesday, October 1st were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, October 1st. AECOM’s dividend payout ratio (DPR) is presently 22.66%.

AECOM 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.