Amalgamated Bank Sells 14,427 Shares of AECOM (NYSE:ACM)

Amalgamated Bank lowered its position in AECOM (NYSE:ACM) by 18.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,993 shares of the construction company’s stock after selling 14,427 shares during the period. Amalgamated Bank’s holdings in AECOM were worth $6,609,000 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 the business. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in AECOM by 5.5% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company’s stock valued at $206,176,000 after purchasing an additional 122,015 shares during the last quarter. Impax Asset Management Group plc raised its holdings in AECOM by 15.5% in the 2nd quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock worth $154,464,000 after acquiring an additional 235,350 shares during the period. Bank of New York Mellon Corp lifted its position in AECOM by 18.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock worth $143,573,000 after acquiring an additional 258,250 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in AECOM by 2.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 980,228 shares of the construction company’s stock valued at $96,141,000 after acquiring an additional 26,079 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in AECOM by 67.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 808,192 shares of the construction company’s stock valued at $71,897,000 after acquiring an additional 326,423 shares during the period. Institutional investors own 85.41% of the company’s stock.

AECOM Price Performance

Shares of ACM stock opened at $114.10 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s fifty day simple moving average is $102.87 and its 200 day simple moving average is $94.81. AECOM has a one year low of $77.78 and a one year high of $115.74. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 61.34, a P/E/G ratio of 1.63 and a beta of 1.17.

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

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, October 2nd were issued a $0.22 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.77%. AECOM’s dividend payout ratio is 47.31%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ACM. Robert W. Baird increased their target price on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Royal Bank of Canada boosted their target price on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Truist Financial increased their price target on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Citigroup upped their price objective on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $112.29.

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.