AECOM (NYSE:ACM) Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in AECOM (NYSE:ACM) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,170 shares of the construction company’s stock after selling 131 shares during the period. US Bancorp DE’s holdings in AECOM were worth $766,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of AECOM by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company’s stock valued at $233,918,000 after buying an additional 14,511 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of AECOM by 17.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock valued at $205,429,000 after buying an additional 289,513 shares during the period. JPMorgan Chase & Co. lifted its position in AECOM by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after purchasing an additional 220,035 shares during the last quarter. Citigroup Inc. lifted its position in AECOM by 5.7% in the 3rd quarter. Citigroup Inc. now owns 585,174 shares of the construction company’s stock valued at $60,431,000 after purchasing an additional 31,299 shares during the last quarter. Finally, Swiss National Bank lifted its position in AECOM by 0.3% in the 3rd quarter. Swiss National Bank now owns 403,980 shares of the construction company’s stock valued at $41,719,000 after purchasing an additional 1,300 shares during the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ACM shares. Barclays lifted their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Truist Financial lifted their price objective on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Robert W. Baird cut their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. The Goldman Sachs Group initiated coverage on shares of AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. Finally, Citigroup reduced their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has an average rating of “Buy” and a consensus target price of $120.38.

AECOM Trading Down 1.1 %

Shares of NYSE:ACM opened at $96.01 on Tuesday. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The firm has a market cap of $12.73 billion, a P/E ratio of 27.28, a P/E/G ratio of 1.63 and a beta of 1.22. The company has a 50 day moving average of $103.95 and a 200-day moving average of $105.48. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last released its earnings results 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%. As a group, analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM announced that its board has approved a stock repurchase plan on Monday, November 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to purchase up to 6.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.08%. The ex-dividend date is Wednesday, April 2nd. AECOM’s dividend payout ratio is presently 29.55%.

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.