Mitsubishi UFJ Trust & Banking Corp Sells 1,143 Shares of AECOM $ACM

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of AECOM (NYSE:ACM) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,245 shares of the construction company’s stock after selling 1,143 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in AECOM were worth $7,251,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ACM. National Pension Service boosted its stake in shares of AECOM by 340.4% during the 2nd quarter. National Pension Service now owns 2,312 shares of the construction company’s stock valued at $261,000 after purchasing an additional 1,787 shares in the last quarter. Boston Partners raised its stake in AECOM by 7.6% in the second quarter. Boston Partners now owns 115,593 shares of the construction company’s stock worth $13,047,000 after buying an additional 8,161 shares in the last quarter. Vise Technologies Inc. purchased a new stake in AECOM in the second quarter worth about $355,000. Allworth Financial LP boosted its position in AECOM by 38.5% during the 2nd quarter. Allworth Financial LP now owns 392 shares of the construction company’s stock valued at $44,000 after acquiring an additional 109 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of AECOM by 3.8% during the 2nd quarter. ProShare Advisors LLC now owns 5,865 shares of the construction company’s stock worth $662,000 after acquiring an additional 212 shares during the period. 85.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ACM has been the subject of a number of research analyst reports. Wall Street Zen cut AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Citigroup raised their price objective on AECOM from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Truist Financial boosted their target price on shares of AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. KeyCorp increased their price target on shares of AECOM from $131.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Barclays lifted their price target on shares of AECOM from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, AECOM has a consensus rating of “Buy” and an average price target of $137.30.

AECOM Trading Down 0.2%

AECOM stock opened at $133.56 on Monday. AECOM has a 12 month low of $85.00 and a 12 month high of $135.52. The company has a market capitalization of $17.69 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. The business’s fifty day simple moving average is $130.76 and its two-hundred day simple moving average is $119.71. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Wednesday, October 1st were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, October 1st. AECOM’s dividend payout ratio is 22.66%.

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.