Wedge Capital Management L L P NC Reduces Stock Position in AECOM (NYSE:ACM)

Wedge Capital Management L L P NC trimmed its holdings in AECOM (NYSE:ACM) by 0.4% in the third quarter, Holdings Channel reports. The institutional investor owned 48,800 shares of the construction company’s stock after selling 176 shares during the quarter. Wedge Capital Management L L P NC’s holdings in AECOM were worth $5,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC grew its position in shares of AECOM by 72.4% in the fourth quarter. V Square Quantitative Management LLC now owns 1,457 shares of the construction company’s stock valued at $135,000 after purchasing an additional 612 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in AECOM by 3.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 431,875 shares of the construction company’s stock valued at $39,918,000 after buying an additional 13,986 shares in the last quarter. Creekmur Asset Management LLC bought a new stake in shares of AECOM during the fourth quarter valued at about $28,000. Quadrature Capital Ltd purchased a new stake in shares of AECOM in the fourth quarter worth about $1,541,000. Finally, GAMMA Investing LLC boosted its position in shares of AECOM by 53.7% in the first quarter. GAMMA Investing LLC now owns 604 shares of the construction company’s stock valued at $59,000 after acquiring an additional 211 shares during the period. Institutional investors own 85.41% of the company’s stock.

AECOM Trading Down 0.1 %

NYSE ACM opened at $106.24 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The stock’s 50-day simple moving average is $99.47 and its two-hundred day simple moving average is $93.45. AECOM has a twelve month low of $74.40 and a twelve month high of $107.56. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of -1,180.44, a PEG ratio of 1.58 and a beta of 1.17.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $1.85 billion. AECOM had a return on equity of 24.14% and a net margin of 1.61%. AECOM’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $0.94 EPS. Research analysts forecast that AECOM will post 4.46 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be issued a $0.22 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.83%. AECOM’s payout ratio is -977.78%.

Analyst Upgrades and Downgrades

ACM has been the topic of a number of analyst reports. Barclays upped their target price on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Robert W. Baird upped their price target on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Citigroup decreased their target price on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, KeyCorp lifted their price target on AECOM from $99.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.86.

AECOM Company 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.