Swedbank AB cut its position in AECOM (NYSE:ACM – Free Report) by 38.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,475 shares of the construction company’s stock after selling 28,330 shares during the period. Swedbank AB’s holdings in AECOM were worth $4,240,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of ACM. Atlantic Union Bankshares Corp acquired a new position in shares of AECOM in the third quarter valued at about $26,000. Central Pacific Bank Trust Division acquired a new position in shares of AECOM in the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC increased its holdings in shares of AECOM by 189.3% in the second quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company’s stock valued at $34,000 after purchasing an additional 195 shares during the period. First Horizon Corp boosted its stake in shares of AECOM by 129.1% in the fourth quarter. First Horizon Corp now owns 362 shares of the construction company’s stock worth $35,000 after buying an additional 204 shares during the last quarter. Finally, Ameriflex Group Inc. boosted its stake in shares of AECOM by 100.0% in the third quarter. Ameriflex Group Inc. now owns 294 shares of the construction company’s stock worth $38,000 after buying an additional 147 shares during the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.
AECOM Trading Down 1.0%
AECOM stock opened at $80.65 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.08. AECOM has a 12 month low of $79.01 and a 12 month high of $135.52. The stock’s 50 day simple moving average is $87.66 and its two-hundred day simple moving average is $99.95. The firm has a market cap of $10.43 billion, a PE ratio of 22.91, a P/E/G ratio of 1.00 and a beta of 1.00.
AECOM Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Wednesday, April 1st were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, April 1st. AECOM’s dividend payout ratio (DPR) is presently 35.23%.
Analyst Ratings Changes
Several research analysts recently weighed in on ACM shares. Robert W. Baird set a $125.00 price target on AECOM in a research report on Tuesday, February 10th. Royal Bank Of Canada upped their price objective on AECOM from $139.00 to $142.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Truist Financial set a $116.00 price objective on AECOM in a research report on Monday, April 20th. Barclays upped their price objective on AECOM from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 11th. Finally, Citigroup lowered their price objective on AECOM from $131.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, AECOM presently has an average rating of “Moderate Buy” and a consensus target price of $128.55.
View Our Latest Stock Analysis on AECOM
AECOM Company 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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