AECOM (NYSE:ACM) Stake Cut by Cibc World Markets Corp

Cibc World Markets Corp reduced its holdings in AECOM (NYSE:ACM) by 23.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,067 shares of the construction company’s stock after selling 1,865 shares during the period. Cibc World Markets Corp’s holdings in AECOM were worth $648,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Magnus Financial Group LLC lifted its stake in AECOM by 93.5% in the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock worth $519,000 after acquiring an additional 2,348 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after purchasing an additional 220,035 shares in the last quarter. TT International Asset Management LTD purchased a new stake in shares of AECOM during the 4th quarter worth about $3,578,000. Park Avenue Securities LLC raised its stake in shares of AECOM by 176.9% during the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock worth $773,000 after purchasing an additional 4,625 shares in the last quarter. Finally, Truist Financial Corp raised its stake in shares of AECOM by 28.7% during the 4th quarter. Truist Financial Corp now owns 9,851 shares of the construction company’s stock worth $1,052,000 after purchasing an additional 2,194 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 equities research analysts have recently weighed in on ACM shares. Robert W. Baird cut their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. KeyCorp cut their price target on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Citigroup cut their price target on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Barclays raised their price objective on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $120.38.

AECOM Stock Performance

ACM opened at $94.14 on Friday. The firm has a market capitalization of $12.49 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The stock’s 50 day moving average price is $101.78 and its two-hundred day moving average price is $105.14. 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 has a 12-month low of $82.23 and a 12-month high of $118.56.

AECOM (NYSE:ACM) last released its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) 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.