Skandinaviska Enskilda Banken AB publ Sells 6,200 Shares of AECOM (NYSE:ACM)

Skandinaviska Enskilda Banken AB publ lessened its stake in shares of AECOM (NYSE:ACM) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,154 shares of the construction company’s stock after selling 6,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in AECOM were worth $2,800,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Magnus Financial Group LLC boosted its stake in AECOM by 93.5% during the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock valued at $519,000 after purchasing an additional 2,348 shares during the period. JPMorgan Chase & Co. raised its holdings in AECOM by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after acquiring an additional 220,035 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in AECOM by 5.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company’s stock valued at $26,714,000 after acquiring an additional 12,224 shares in the last quarter. TT International Asset Management LTD acquired a new position in AECOM in the 4th quarter valued at approximately $3,578,000. Finally, Park Avenue Securities LLC raised its holdings in AECOM by 176.9% in the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock valued at $773,000 after acquiring an additional 4,625 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ACM. Truist Financial upped their price target on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Citigroup cut their price target on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group started coverage on AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 target price for the company. KeyCorp dropped their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Barclays increased their target price on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $120.38.

AECOM Trading Up 2.2 %

ACM stock opened at $95.19 on Monday. The business has a fifty day moving average price of $102.95 and a 200 day moving average price of $105.32. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. Analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.09%. AECOM’s payout ratio is 29.55%.

AECOM declared that its Board of Directors has approved a share buyback plan on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board 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.