AECOM (NYSE:ACM) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in AECOM (NYSE:ACM) by 18.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,993 shares of the construction company’s stock after selling 14,427 shares during the period. Amalgamated Bank’s holdings in AECOM were worth $6,609,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. QRG Capital Management Inc. acquired a new stake in AECOM in the third quarter worth $204,000. Farther Finance Advisors LLC raised its stake in shares of AECOM by 54.8% during the third quarter. Farther Finance Advisors LLC now owns 853 shares of the construction company’s stock valued at $88,000 after purchasing an additional 302 shares in the last quarter. Stephens Inc. AR acquired a new stake in AECOM in the third quarter worth about $238,000. US Bancorp DE grew its position in AECOM by 4.4% in the 3rd quarter. US Bancorp DE now owns 7,301 shares of the construction company’s stock valued at $754,000 after buying an additional 310 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its stake in AECOM by 4.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,936 shares of the construction company’s stock valued at $406,000 after buying an additional 182 shares during the period. 85.41% of the stock is owned by institutional investors.

AECOM Price Performance

NYSE ACM opened at $114.10 on Thursday. AECOM has a 1 year low of $77.78 and a 1 year high of $115.74. The stock’s 50-day moving average price is $102.87 and its two-hundred day moving average price is $94.81. The company has a market cap of $15.30 billion, a PE ratio of 61.34, a PEG ratio of 1.63 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last issued its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the company earned $0.94 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts predict that AECOM will post 4.46 EPS for the current year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Wednesday, October 2nd. AECOM’s dividend payout ratio is currently 47.31%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Barclays boosted their price objective on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. KeyCorp boosted their price target on shares of AECOM from $99.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Robert W. Baird lifted their price objective on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has an average rating of “Buy” and a consensus target price of $112.29.

AECOM Company Profile

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.