Elo Mutual Pension Insurance Co Cuts Position in AECOM (NYSE:ACM)

Elo Mutual Pension Insurance Co decreased its position in shares of AECOM (NYSE:ACM) by 6.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,611 shares of the construction company’s stock after selling 814 shares during the period. Elo Mutual Pension Insurance Co’s holdings in AECOM were worth $1,023,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new position in shares of AECOM during the 1st quarter valued at about $25,000. Ables Iannone Moore & Associates Inc. purchased a new stake in AECOM in the fourth quarter worth approximately $28,000. Creekmur Asset Management LLC bought a new position in AECOM during the fourth quarter valued at approximately $28,000. Rise Advisors LLC purchased a new position in shares of AECOM during the first quarter worth approximately $31,000. Finally, Family Firm Inc. bought a new stake in shares of AECOM in the 2nd quarter worth approximately $31,000. Institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ACM. Royal Bank of Canada increased their target price on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Barclays boosted their target price on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. KeyCorp increased their target price on AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Robert W. Baird lifted their price target on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Truist Financial reissued a “buy” rating and set a $108.00 price objective (up previously from $107.00) on shares of AECOM in a research note on Wednesday, August 7th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $105.00.

AECOM Price Performance

Shares of ACM stock opened at $101.20 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $102.26. The firm has a market cap of $13.78 billion, a P/E ratio of -1,124.44, a P/E/G ratio of 1.60 and a beta of 1.17. The business’s 50 day moving average price is $94.62 and its 200-day moving average price is $92.27.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating 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 analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the business posted $0.94 earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities research analysts anticipate that AECOM will post 4.46 earnings per share for the current year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 annualized dividend and a yield of 0.87%. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

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.