AECOM $ACM Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its holdings in AECOM (NYSE:ACM) by 0.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,365,102 shares of the construction company’s stock after selling 1,369 shares during the period. Geode Capital Management LLC’s holdings in AECOM were worth $266,103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Cordatus Wealth Management LLC lifted its stake in AECOM by 3.7% in the 1st quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company’s stock worth $266,000 after purchasing an additional 101 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of AECOM by 2.1% in the second quarter. Pallas Capital Advisors LLC now owns 5,214 shares of the construction company’s stock valued at $588,000 after purchasing an additional 107 shares during the last quarter. Allworth Financial LP lifted its position in AECOM by 38.5% during the second quarter. Allworth Financial LP now owns 392 shares of the construction company’s stock worth $44,000 after buying an additional 109 shares in the last quarter. Signaturefd LLC boosted its stake in AECOM by 21.1% during the second quarter. Signaturefd LLC now owns 707 shares of the construction company’s stock worth $80,000 after buying an additional 123 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in AECOM by 4.1% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 3,308 shares of the construction company’s stock valued at $373,000 after buying an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial lifted their price target on AECOM from $128.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. UBS Group lifted their target price on shares of AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Barclays increased their price target on shares of AECOM from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. National Bank Financial started coverage on shares of AECOM in a research report on Wednesday, October 8th. They set an “outperform” rating and a $151.00 price target on the stock. Finally, KeyCorp upped their price objective on AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Eleven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $137.30.

AECOM Price Performance

Shares of ACM opened at $133.56 on Monday. The firm has a 50-day simple moving average of $130.76 and a two-hundred day simple moving average of $119.71. The stock has a market cap of $17.69 billion, a PE ratio of 29.10, a P/E/G ratio of 1.96 and a beta of 1.06. AECOM has a 1-year low of $85.00 and a 1-year high of $135.52. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

AECOM Announces Dividend

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