AECOM (NYSE:ACM) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. cut its holdings in AECOM (NYSE:ACM) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,699 shares of the construction company’s stock after selling 6,853 shares during the period. Corebridge Financial Inc.’s holdings in AECOM were worth $16,204,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ACM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AECOM by 17.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock valued at $205,429,000 after acquiring an additional 289,513 shares during the last quarter. National Bank of Canada FI boosted its holdings in AECOM by 1,847.8% in the third quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock valued at $28,384,000 after purchasing an additional 260,746 shares in the last quarter. JPMorgan Chase & Co. increased its stake in AECOM by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after purchasing an additional 220,035 shares during the last quarter. Verition Fund Management LLC raised its holdings in AECOM by 293.7% during the third quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company’s stock worth $18,651,000 after purchasing an additional 134,730 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in AECOM by 58.1% during the fourth quarter. Teacher Retirement System of Texas now owns 349,991 shares of the construction company’s stock worth $37,386,000 after purchasing an additional 128,580 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Barclays increased their target price on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. KeyCorp dropped their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird cut their target price on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. Finally, Citigroup decreased their target price on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $120.38.

AECOM Stock Performance

NYSE ACM opened at $95.96 on Tuesday. The firm has a market cap of $12.73 billion, a P/E ratio of 27.26, a P/E/G ratio of 1.63 and a beta of 1.22. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The business’s 50-day moving average price is $101.53 and its 200 day moving average price is $105.20. 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 announced its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, equities research analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 1.08%. AECOM’s dividend payout ratio is currently 29.55%.

About AECOM

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.