Norges Bank Buys New Stake in AECOM (NYSE:ACM)

Norges Bank purchased a new position in AECOM (NYSE:ACM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,783,329 shares of the construction company’s stock, valued at approximately $190,495,000.

Other large investors have also made changes to their positions in the company. Loomis Sayles & Co. L P boosted its position in shares of AECOM by 3.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 169,508 shares of the construction company’s stock worth $18,107,000 after purchasing an additional 6,007 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its holdings in AECOM by 14.3% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 13,821 shares of the construction company’s stock worth $1,476,000 after acquiring an additional 1,729 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of AECOM by 10.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 99,672 shares of the construction company’s stock worth $10,740,000 after acquiring an additional 9,707 shares during the last quarter. Korea Investment CORP increased its holdings in shares of AECOM by 43.1% during the fourth quarter. Korea Investment CORP now owns 157,332 shares of the construction company’s stock valued at $16,806,000 after acquiring an additional 47,371 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of AECOM in the 4th quarter valued at approximately $737,000. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Stock Performance

Shares of ACM stock opened at $92.48 on Monday. The stock has a market cap of $12.27 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The business has a 50-day simple moving average of $100.34 and a 200-day simple moving average of $105.18. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last released 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, equities analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.