Amundi Decreases Stock Position in AECOM (NYSE:ACM)

Amundi reduced its stake in shares of AECOM (NYSE:ACM) by 35.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,443,658 shares of the construction company’s stock after selling 802,289 shares during the period. Amundi owned approximately 1.09% of AECOM worth $154,357,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in AECOM by 0.6% during 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 purchasing an additional 14,511 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 buying an additional 289,513 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in AECOM by 0.7% during 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 acquiring an additional 6,513 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of 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 acquiring an additional 220,035 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in shares of AECOM by 5.7% during the third quarter. Citigroup Inc. now owns 585,174 shares of the construction company’s stock worth $60,431,000 after purchasing an additional 31,299 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. 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. Barclays lifted their price objective on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. KeyCorp reduced their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird dropped their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group started coverage on shares of AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $120.38.

AECOM Stock Performance

Shares of ACM opened at $97.02 on Monday. The stock has a 50-day simple moving average of $104.17 and a 200-day simple moving average of $105.48. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The stock has a market capitalization of $12.87 billion, a PE ratio of 27.56, a PEG ratio of 1.63 and a beta of 1.22.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. On average, analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. AECOM’s dividend payout ratio (DPR) is 29.55%.

AECOM declared that its Board of Directors has authorized a stock repurchase plan on Monday, November 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.