Swiss National Bank lowered its stake in shares of AECOM (NYSE:ACM – Free Report) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 381,380 shares of the construction company’s stock after selling 20,300 shares during the quarter. Swiss National Bank owned about 0.29% of AECOM worth $49,759,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Orion Porfolio Solutions LLC boosted its holdings in AECOM by 28,246.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 5,335,667 shares of the construction company’s stock valued at $602,183,000 after purchasing an additional 5,316,844 shares during the period. Invesco Ltd. increased its holdings in shares of AECOM by 79.1% during the 2nd quarter. Invesco Ltd. now owns 4,361,755 shares of the construction company’s stock worth $492,268,000 after purchasing an additional 1,926,466 shares during the period. First Trust Advisors LP increased its holdings in shares of AECOM by 105.3% during the 3rd quarter. First Trust Advisors LP now owns 4,216,372 shares of the construction company’s stock worth $550,110,000 after purchasing an additional 2,162,158 shares during the period. Amundi increased 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 purchasing an additional 162,870 shares during the period. Finally, Norges Bank acquired a new position in shares of AECOM during the second quarter valued at about $200,879,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.
AECOM Stock Down 2.0%
NYSE ACM opened at $89.76 on Friday. The stock’s 50 day simple moving average is $96.40 and its 200 day simple moving average is $111.71. AECOM has a one year low of $85.00 and a one year high of $135.52. The firm has a market cap of $11.61 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 1.13 and a beta of 1.06. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.10 and a quick ratio of 1.10.
AECOM Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Wednesday, April 1st will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, April 1st. AECOM’s payout ratio is currently 35.23%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. Citigroup reduced their target price on shares of AECOM from $152.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, January 26th. KeyCorp reaffirmed an “overweight” rating and issued a $115.00 price target on shares of AECOM in a report on Wednesday, January 7th. Argus reduced their price objective on AECOM from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Barclays lifted their price objective on AECOM from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. Finally, Bank of America boosted their price objective on AECOM from $117.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, AECOM has a consensus rating of “Moderate Buy” and a consensus price target of $130.09.
View Our Latest Analysis on AECOM
About AECOM
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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