CIBC Asset Management Inc Has $346,000 Stake in AECOM (NYSE:ACM)

CIBC Asset Management Inc reduced its holdings in AECOM (NYSE:ACMFree Report) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,746 shares of the construction company’s stock after selling 151 shares during the period. CIBC Asset Management Inc’s holdings in AECOM were worth $346,000 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. Norges Bank acquired a new stake in AECOM in the 4th quarter valued at $159,060,000. Findlay Park Partners LLP increased its stake in AECOM by 21.8% in the 4th quarter. Findlay Park Partners LLP now owns 2,088,383 shares of the construction company’s stock valued at $193,029,000 after buying an additional 374,250 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in AECOM by 868.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 143,554 shares of the construction company’s stock valued at $11,921,000 after buying an additional 128,728 shares during the last quarter. UBS Group AG increased its stake in AECOM by 13.8% in the 3rd quarter. UBS Group AG now owns 833,707 shares of the construction company’s stock valued at $69,231,000 after buying an additional 100,875 shares during the last quarter. Finally, Bank of Nova Scotia increased its stake in AECOM by 2,285.9% in the 4th quarter. Bank of Nova Scotia now owns 74,727 shares of the construction company’s stock valued at $6,907,000 after buying an additional 71,595 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AECOM news, Director Douglas Stotlar sold 7,179 shares of the 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 transaction, the director now owns 34,667 shares in the company, valued at approximately $3,241,711.17. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

ACM has been the topic of several recent research reports. Barclays lifted their price target on shares of AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Robert W. Baird boosted their price objective on shares of AECOM from $104.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Citigroup boosted their price objective on shares of AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. KeyCorp boosted their price objective on shares of AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Truist Financial restated a “buy” rating and set a $113.00 price objective (up from $106.00) on shares of AECOM in a research note on Wednesday, May 8th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $107.25.

Get Our Latest Report on AECOM

AECOM Stock Down 0.0 %

Shares of ACM opened at $85.76 on Tuesday. AECOM has a 52 week low of $74.40 and a 52 week high of $98.72. The firm has a market cap of $11.67 billion, a P/E ratio of -952.78, a price-to-earnings-growth ratio of 1.21 and a beta of 1.21. The firm’s 50-day simple moving average is $91.73 and its 200 day simple moving average is $91.12. 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:ACMGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company posted $0.92 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts forecast that AECOM will post 4.49 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Wednesday, July 3rd will be paid a $0.22 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 1.03%. AECOM’s dividend payout ratio (DPR) is currently -977.67%.

AECOM Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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