Canada Pension Plan Investment Board Decreases Holdings in AECOM (NYSE:ACM)

Canada Pension Plan Investment Board lowered its position in AECOM (NYSE:ACM) by 16.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 101,700 shares of the construction company’s stock after selling 20,200 shares during the period. Canada Pension Plan Investment Board’s holdings in AECOM were worth $10,864,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Securities Inc. grew its holdings in shares of AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Allworth Financial LP increased its holdings in shares of AECOM by 390.6% in the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after buying an additional 207 shares during the period. National Pension Service bought a new stake in shares of AECOM in the 4th quarter valued at about $32,000. Wingate Wealth Advisors Inc. bought a new position in AECOM during the 4th quarter worth approximately $51,000. Finally, Proficio Capital Partners LLC purchased a new position in AECOM in the 4th quarter worth approximately $55,000. 85.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on ACM shares. Barclays raised their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Robert W. Baird lowered their price objective 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. Truist Financial cut their target price on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. KeyCorp lowered their price target on AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup cut their price objective on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $117.88.

AECOM Stock Up 1.1 %

NYSE:ACM opened at $94.24 on Monday. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The company has a market capitalization of $12.50 billion, a PE ratio of 26.77, a P/E/G ratio of 1.63 and a beta of 1.03. The firm’s 50-day moving average price is $95.41 and its 200-day moving average price is $104.17. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14.

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, beating the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. On average, equities analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Wednesday, April 2nd. AECOM’s dividend payout ratio is presently 29.55%.

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.