KLP Kapitalforvaltning AS Buys Shares of 91,500 AECOM (NYSE:ACM)

KLP Kapitalforvaltning AS purchased a new position in AECOM (NYSE:ACM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 91,500 shares of the construction company’s stock, valued at approximately $9,774,000. KLP Kapitalforvaltning AS owned about 0.07% of AECOM as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Principal Securities Inc. lifted its stake in AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after buying an additional 116 shares during the period. Allworth Financial LP raised its position in shares of AECOM by 390.6% in the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after acquiring an additional 207 shares during the period. Private Trust Co. NA bought a new position in AECOM during the 3rd quarter worth approximately $30,000. National Pension Service acquired a new position in AECOM during the fourth quarter valued at approximately $32,000. Finally, True Wealth Design LLC increased its stake in AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after purchasing an additional 297 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Stock Up 2.0 %

ACM stock opened at $95.96 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization 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 fifty-two week low of $82.23 and a fifty-two week high of $118.56. The business has a 50-day moving average of $101.53 and a 200-day moving average of $105.20.

AECOM (NYSE:ACM) last posted its quarterly earnings data 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 net margin of 2.93% and a return on equity of 26.84%. On average, sell-side analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently declared 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 is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 1.08%. AECOM’s payout ratio is currently 29.55%.

Analyst Upgrades and Downgrades

ACM has been the topic of a number of recent analyst reports. KeyCorp reduced their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Citigroup decreased their target price on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Barclays raised their price target on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Robert W. Baird cut their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM has an average rating of “Buy” and an average target price of $120.38.

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.