BI Asset Management Fondsmaeglerselskab A S lowered its stake in AECOM (NYSE:ACM – Free Report) by 59.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 125,721 shares of the construction company’s stock after selling 186,896 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.09% of AECOM worth $16,403,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the stock. Nordea Investment Management AB lifted its position in AECOM by 10.5% during the third quarter. Nordea Investment Management AB now owns 792,378 shares of the construction company’s stock worth $103,279,000 after buying an additional 75,108 shares during the period. Asset Management One Co. Ltd. grew its holdings in AECOM by 42.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 167,723 shares of the construction company’s stock valued at $21,880,000 after buying an additional 50,086 shares during the period. Generali Asset Management SPA SGR acquired a new position in shares of AECOM during the 3rd quarter valued at about $1,092,000. Amundi lifted its holdings in shares of AECOM by 9.7% during the 2nd quarter. Amundi now owns 1,846,136 shares of the construction company’s stock worth $208,355,000 after acquiring an additional 162,870 shares during the period. Finally, Brookstone Capital Management acquired a new stake in shares of AECOM in the second quarter worth approximately $219,000. Institutional investors and hedge funds own 85.41% of the company’s stock.
AECOM Trading Up 2.8%
Shares of ACM opened at $98.61 on Friday. AECOM has a 12 month low of $85.00 and a 12 month high of $135.52. The stock’s 50-day moving average is $98.35 and its two-hundred day moving average is $115.50. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $12.75 billion, a PE ratio of 23.42, a P/E/G ratio of 1.24 and a beta of 1.08.
AECOM Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Wednesday, January 7th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, January 7th. This is a positive change from AECOM’s previous quarterly dividend of $0.26. AECOM’s dividend payout ratio (DPR) is 29.45%.
Analyst Ratings Changes
Several brokerages recently commented on ACM. Royal Bank Of Canada dropped their price target on shares of AECOM from $142.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Citigroup cut their target price on AECOM from $152.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Wall Street Zen downgraded AECOM from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. The Goldman Sachs Group cut their price objective on AECOM from $148.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Finally, Argus reduced their price objective on AECOM from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $130.36.
Get Our Latest Research Report on ACM
AECOM Profile
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
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