AECOM (NYSE:ACM) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC reduced its position in shares of AECOM (NYSE:ACM) by 12.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 505,211 shares of the construction company’s stock after selling 69,464 shares during the period. Voloridge Investment Management LLC owned approximately 0.38% of AECOM worth $53,967,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of AECOM during the 4th quarter worth approximately $190,495,000. Northern Trust Corp grew its holdings in AECOM by 53.5% during the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company’s stock worth $177,844,000 after acquiring an additional 580,078 shares during the period. Alliancebernstein L.P. raised its position in AECOM by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company’s stock worth $397,196,000 after acquiring an additional 373,991 shares in the last quarter. Sandhill Capital Partners LLC acquired a new stake in AECOM in the fourth quarter valued at $36,933,000. Finally, Nuveen Asset Management LLC boosted its position in shares of AECOM by 22.2% during the 4th quarter. Nuveen Asset Management LLC now owns 797,076 shares of the construction company’s stock worth $85,144,000 after purchasing an additional 144,563 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ACM shares. Barclays increased their price target on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup upped their target price on shares of AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. KeyCorp reduced their price target on shares of AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Robert W. Baird boosted their price target on AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Finally, Royal Bank of Canada upped their price target on AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $119.00.

AECOM Stock Down 0.1%

Shares of NYSE ACM opened at $108.82 on Wednesday. The firm’s 50-day moving average is $97.23 and its two-hundred day moving average is $103.55. The company has a market capitalization of $14.40 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.10. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the firm posted $1.04 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Wednesday, April 2nd. AECOM’s dividend payout ratio is presently 22.66%.

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.