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

DNB Asset Management AS lifted its holdings in AECOM (NYSE:ACM) by 7.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund 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 quarter.

A number of other institutional investors also recently made changes to their positions in ACM. EntryPoint Capital LLC purchased a new position in AECOM in the 1st quarter worth $25,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of AECOM in the fourth quarter worth about $28,000. Creekmur Asset Management LLC purchased a new position in shares of AECOM in the fourth quarter worth about $28,000. Rise Advisors LLC bought a new stake in shares of AECOM in the 1st quarter valued at about $31,000. Finally, GAMMA Investing LLC purchased a new stake in AECOM during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Insider Buying and Selling

In other news, Director Douglas Stotlar sold 7,179 shares of AECOM stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $93.51, for a total transaction of $671,308.29. Following the completion of the transaction, the director now directly owns 34,667 shares in the company, valued at $3,241,711.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is currently owned by insiders.

AECOM Stock Up 5.0 %

ACM stock opened at $91.01 on Wednesday. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $98.72. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of -1,011.22, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. The business’s 50 day moving average price is $87.68 and its two-hundred day moving average price is $90.41. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06.

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

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Wednesday, July 3rd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 0.97%. AECOM’s dividend payout ratio (DPR) is currently -977.78%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ACM. KeyCorp decreased their price target on AECOM from $105.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Truist Financial restated a “buy” rating and issued a $108.00 price objective (up previously from $107.00) on shares of AECOM in a research report on Wednesday. UBS Group increased their target price on shares of AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Robert W. Baird reduced their price target on AECOM from $110.00 to $96.00 and set an “outperform” rating on the stock in a report on Monday, July 8th. Finally, Citigroup dropped their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus 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.