AECOM (NYSE:ACM) Shares Bought by Axa S.A.

Axa S.A. lifted its holdings in AECOM (NYSE:ACM) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 350,644 shares of the construction company’s stock after purchasing an additional 10,484 shares during the period. Axa S.A. owned about 0.26% of AECOM worth $30,906,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Nomura Asset Management Co. Ltd. grew its position in AECOM by 16.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 42,312 shares of the construction company’s stock worth $3,911,000 after buying an additional 5,952 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of AECOM by 35,400.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,550 shares of the construction company’s stock worth $328,000 after acquiring an additional 3,540 shares during the last quarter. TD Asset Management Inc raised its position in shares of AECOM by 49.6% during the fourth quarter. TD Asset Management Inc now owns 12,429 shares of the construction company’s stock worth $1,149,000 after purchasing an additional 4,121 shares during the period. Olympiad Research LP purchased a new stake in shares of AECOM during the fourth quarter valued at $233,000. Finally, Treasurer of the State of North Carolina boosted its position in shares of AECOM by 4.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 59,790 shares of the construction company’s stock valued at $5,526,000 after purchasing an additional 2,290 shares during the period. 85.41% of the stock is currently owned by institutional investors.

AECOM Price Performance

Shares of NYSE:ACM opened at $103.22 on Friday. The firm has a market cap of $14.05 billion, a price-to-earnings ratio of -1,146.89, a P/E/G ratio of 1.70 and a beta of 1.17. AECOM has a 1 year low of $74.40 and a 1 year high of $103.94. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $95.63 and a 200 day simple moving average of $92.60.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $1.85 billion. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. As a group, sell-side analysts predict that AECOM will post 4.46 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 annualized dividend and a dividend yield of 0.85%. AECOM’s dividend payout ratio (DPR) is -977.78%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup cut their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. KeyCorp upped their price target on shares of AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Truist Financial reiterated a “buy” rating and set a $108.00 price objective (up from $107.00) on shares of AECOM in a research report on Wednesday, August 7th. Robert W. Baird increased their target price on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada raised their target price on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $105.00.

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.