BI Asset Management Fondsmaeglerselskab A S decreased its holdings in AECOM (NYSE:ACM – Free Report) by 59.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 125,721 shares of the construction company’s stock after selling 186,896 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in AECOM were worth $16,403,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Great Lakes Advisors LLC raised its position in shares of AECOM by 14.9% in the 1st quarter. Great Lakes Advisors LLC now owns 2,366 shares of the construction company’s stock valued at $219,000 after purchasing an additional 306 shares in the last quarter. Empowered Funds LLC increased its stake in shares of AECOM by 62.6% in the first quarter. Empowered Funds LLC now owns 14,266 shares of the construction company’s stock worth $1,323,000 after buying an additional 5,493 shares during the last quarter. Focus Partners Wealth raised its holdings in AECOM by 6.9% in the first quarter. Focus Partners Wealth now owns 4,150 shares of the construction company’s stock valued at $385,000 after acquiring an additional 269 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in AECOM by 8.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 2,472 shares of the construction company’s stock valued at $279,000 after acquiring an additional 187 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in AECOM by 7.8% during the 2nd quarter. Truist Financial Corp now owns 12,352 shares of the construction company’s stock valued at $1,394,000 after acquiring an additional 894 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.
AECOM Stock Performance
Shares of ACM stock opened at $98.61 on Friday. The company has a market cap of $12.75 billion, a P/E ratio of 23.42, a PEG ratio of 1.24 and a beta of 1.08. The business has a 50 day moving average of $98.35 and a two-hundred day moving average of $115.50. AECOM has a 52 week low of $85.00 and a 52 week high of $135.52. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.98.
AECOM Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Wednesday, January 7th were given a dividend of $0.31 per share. This is an increase from AECOM’s previous quarterly dividend of $0.26. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, January 7th. AECOM’s payout ratio is currently 29.45%.
Analyst Upgrades and Downgrades
ACM has been the topic of a number of recent analyst reports. UBS Group cut their target price on shares of AECOM from $148.00 to $143.00 and set a “buy” rating on the stock in a research note on Wednesday, January 21st. KeyCorp reissued an “overweight” rating and issued a $115.00 price objective on shares of AECOM in a report on Wednesday, January 7th. Zacks Research downgraded AECOM from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Robert W. Baird downgraded AECOM from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, Truist Financial dropped their price target on AECOM from $148.00 to $126.00 and set a “buy” rating on the stock in a research report on Thursday, December 18th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.36.
Check Out Our Latest Research Report on AECOM
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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