DNB Asset Management AS Purchases 3,506 Shares of AECOM (NYSE:ACM)

DNB Asset Management AS boosted its holdings in shares of AECOM (NYSE:ACM) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,973 shares of the construction company’s stock after acquiring an additional 3,506 shares during the quarter. DNB Asset Management AS’s holdings in AECOM were worth $4,669,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACM. EntryPoint Capital LLC acquired a new position in shares of AECOM during the 1st quarter worth $25,000. Ables Iannone Moore & Associates Inc. bought a new stake in AECOM in the fourth quarter worth $28,000. Creekmur Asset Management LLC bought a new position in AECOM during the fourth quarter valued at about $28,000. Rise Advisors LLC bought a new position in shares of AECOM in the 1st quarter valued at approximately $31,000. Finally, GAMMA Investing LLC bought a new position in shares of AECOM in the fourth quarter valued at approximately $35,000. Institutional investors own 85.41% of the company’s stock.

AECOM Stock Up 5.0 %

NYSE ACM opened at $91.01 on Wednesday. The stock’s 50 day simple moving average is $87.68 and its 200 day simple moving average is $90.41. AECOM has a one year low of $74.40 and a one year high of $98.72. The firm has a market cap of $12.39 billion, a PE ratio of -1,011.22, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.06.

AECOM (NYSE:ACM) last announced its earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, sell-side analysts forecast that AECOM will post 4.42 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Wednesday, July 3rd. AECOM’s dividend payout ratio is presently -977.78%.

Insider Transactions at AECOM

In other news, Director Douglas Stotlar sold 7,179 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $93.51, for a total transaction of $671,308.29. Following the transaction, the director now owns 34,667 shares of the company’s stock, valued at $3,241,711.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Robert W. Baird cut their price objective on AECOM from $110.00 to $96.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. KeyCorp cut their price target on AECOM from $105.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Citigroup cut their target price on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. UBS Group lifted their price target on shares of AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Truist Financial reaffirmed a “buy” rating and set a $108.00 price objective (up from $107.00) on shares of AECOM in a report on Wednesday. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $102.00.

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.