Thrivent Financial for Lutherans Sells 73,965 Shares of AECOM (NYSE:ACM)

Thrivent Financial for Lutherans trimmed its position in AECOM (NYSE:ACM) by 27.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 197,823 shares of the construction company’s stock after selling 73,965 shares during the quarter. Thrivent Financial for Lutherans’ holdings in AECOM were worth $21,131,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in AECOM by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company’s stock valued at $233,918,000 after buying an additional 14,511 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in AECOM by 17.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock valued at $205,429,000 after buying an additional 289,513 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in AECOM by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 893,903 shares of the construction company’s stock valued at $95,487,000 after buying an additional 6,513 shares during the last quarter. AGF Management Ltd. boosted its position in AECOM by 0.7% in the 4th quarter. AGF Management Ltd. now owns 871,893 shares of the construction company’s stock valued at $93,136,000 after buying an additional 5,660 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in AECOM by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after buying an additional 220,035 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ACM. Robert W. Baird decreased their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. 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. Citigroup reduced their price target on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. KeyCorp reduced their price target on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group assumed coverage on AECOM in a research report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target on the stock. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $120.38.

AECOM Stock Performance

Shares of AECOM stock opened at $94.99 on Friday. The company has a market capitalization of $12.60 billion, a PE ratio of 26.99, a PEG ratio of 1.63 and a beta of 1.22. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock’s fifty day simple moving average is $102.01 and its 200 day simple moving average is $105.13.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, research analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The company 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. This represents a $1.04 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio is 29.55%.

AECOM 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.