DnB Asset Management AS Reduces Stake in AECOM (NYSE:ACM)

DnB Asset Management AS decreased its holdings in shares of AECOM (NYSE:ACM) by 19.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 53,473 shares of the construction company’s stock after selling 13,011 shares during the quarter. DnB Asset Management AS’s holdings in AECOM were worth $5,712,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in AECOM during the fourth quarter worth approximately $190,495,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in AECOM by 17.0% during 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 worth $205,429,000 after acquiring an additional 289,513 shares in the last quarter. National Bank of Canada FI lifted its position in AECOM by 1,847.8% in the third quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock valued at $28,384,000 after acquiring an additional 260,746 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in AECOM by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after acquiring an additional 220,035 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of AECOM by 58.1% during the fourth quarter. Teacher Retirement System of Texas now owns 349,991 shares of the construction company’s stock worth $37,386,000 after purchasing an additional 128,580 shares during the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Stock Down 2.2 %

Shares of NYSE:ACM opened at $92.48 on Monday. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm’s 50-day simple moving average is $100.34 and its 200-day simple moving average is $105.18. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.63 and a beta of 1.22.

AECOM (NYSE:ACM) last released its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (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%. As a group, equities research analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s payout ratio is 29.55%.

Analysts Set New Price Targets

Several analysts have recently weighed in on ACM shares. Citigroup reduced their target price on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. KeyCorp reduced their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Robert W. Baird lowered their target price on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. Finally, Barclays upped their price target on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $120.38.

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.