AECOM (NYSE:ACM) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lowered its stake in shares of AECOM (NYSE:ACM) by 12.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,400 shares of the construction company’s stock after selling 800 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in AECOM were worth $577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Longboard Asset Management LP acquired a new position in AECOM during the 4th quarter valued at approximately $206,000. abrdn plc boosted its position in AECOM by 18.2% during the 4th quarter. abrdn plc now owns 4,183 shares of the construction company’s stock valued at $448,000 after purchasing an additional 645 shares during the period. Trust Point Inc. boosted its position in AECOM by 62.3% during the 4th quarter. Trust Point Inc. now owns 3,154 shares of the construction company’s stock valued at $337,000 after purchasing an additional 1,211 shares during the period. Custom Index Systems LLC boosted its position in AECOM by 4.5% during the 4th quarter. Custom Index Systems LLC now owns 9,673 shares of the construction company’s stock valued at $1,033,000 after purchasing an additional 416 shares during the period. Finally, Caprock Group LLC boosted its position in AECOM by 31.2% during the 4th quarter. Caprock Group LLC now owns 4,242 shares of the construction company’s stock valued at $453,000 after purchasing an additional 1,008 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. KeyCorp reduced their price target on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Citigroup reduced their price target on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group assumed coverage on AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target for the company. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Finally, Truist Financial boosted their price target on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $118.50.

AECOM Stock Up 0.9 %

ACM opened at $105.07 on Thursday. The stock’s fifty day moving average is $109.11 and its 200-day moving average is $104.20. The company has a market capitalization of $13.94 billion, a PE ratio of 35.50, a P/E/G ratio of 1.80 and a beta of 1.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a one year low of $82.23 and a one year high of $118.56.

AECOM (NYSE:ACM) last announced its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 25.46% and a net margin of 2.50%. On average, equities analysts predict that AECOM will post 5.08 EPS for the current fiscal year.

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.26 per share. The ex-dividend date was Thursday, January 2nd. This is a positive change from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.99%. AECOM’s payout ratio is 35.14%.

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

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.