Swiss National Bank Has $40.45 Million Stock Holdings in AECOM (NYSE:ACM)

Swiss National Bank trimmed its stake in shares of AECOM (NYSE:ACM) by 6.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 378,680 shares of the construction company’s stock after selling 25,300 shares during the quarter. Swiss National Bank’s holdings in AECOM were worth $40,451,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC increased its position in AECOM by 24.7% in the 4th quarter. HighTower Advisors LLC now owns 14,457 shares of the construction company’s stock valued at $1,544,000 after acquiring an additional 2,863 shares during the period. Wealthfront Advisers LLC acquired a new position in AECOM in the 4th quarter valued at approximately $704,000. AGF Management Ltd. increased its position in AECOM by 0.7% in the 4th quarter. AGF Management Ltd. now owns 871,893 shares of the construction company’s stock valued at $93,136,000 after acquiring an additional 5,660 shares during the period. Ranch Capital Advisors Inc. increased its position in AECOM by 2.3% in the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock valued at $479,000 after acquiring an additional 99 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in AECOM by 50.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 60,900 shares of the construction company’s stock valued at $6,505,000 after acquiring an additional 20,500 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ACM. Robert W. Baird decreased their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Citigroup decreased their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Truist Financial increased their price objective on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. KeyCorp decreased their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group started coverage on shares of AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective for the company. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $120.38.

AECOM Stock Up 2.2 %

Shares of NYSE ACM opened at $95.19 on Monday. The firm has a market cap of $12.63 billion, a PE ratio of 27.04, a P/E/G ratio of 1.63 and a beta of 1.22. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The company’s fifty day simple moving average is $102.95 and its 200 day simple moving average is $105.32. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping 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, sell-side analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM declared that its board has authorized a share repurchase plan on Monday, November 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

AECOM Dividend Announcement

The business 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 1.09%. The ex-dividend date is Wednesday, April 2nd. AECOM’s dividend payout ratio is presently 29.55%.

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.