Skandinaviska Enskilda Banken AB publ Has $2.85 Million Holdings in AECOM (NYSE:ACM)

Skandinaviska Enskilda Banken AB publ raised its holdings in AECOM (NYSE:ACM) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,349 shares of the construction company’s stock after acquiring an additional 600 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in AECOM were worth $2,851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ranch Capital Advisors Inc. lifted its holdings in shares of AECOM by 4.0% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 4,796 shares of the construction company’s stock valued at $423,000 after purchasing an additional 185 shares in the last quarter. AE Wealth Management LLC raised its holdings in AECOM by 9.7% during the 2nd quarter. AE Wealth Management LLC now owns 2,501 shares of the construction company’s stock worth $220,000 after buying an additional 221 shares during the period. King Luther Capital Management Corp raised its holdings in AECOM by 0.5% during the 2nd quarter. King Luther Capital Management Corp now owns 40,926 shares of the construction company’s stock worth $3,607,000 after buying an additional 214 shares during the period. Canada Pension Plan Investment Board lifted its stake in AECOM by 53.3% in the second quarter. Canada Pension Plan Investment Board now owns 122,500 shares of the construction company’s stock valued at $10,797,000 after buying an additional 42,600 shares in the last quarter. Finally, MQS Management LLC acquired a new position in shares of AECOM in the second quarter valued at approximately $493,000. 85.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on ACM. Citigroup dropped their price objective on shares of AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Barclays lifted their price target on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Royal Bank of Canada upped their price objective on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. KeyCorp lifted their target price on AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Finally, Robert W. Baird upped their price target on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $105.00.

AECOM Stock Performance

Shares of NYSE ACM opened at $101.98 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50 day moving average price of $94.91 and a 200 day moving average price of $92.39. The stock has a market capitalization of $13.88 billion, a PE ratio of -1,133.06, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17. AECOM has a 52 week low of $74.40 and a 52 week high of $102.27.

AECOM (NYSE:ACM) last released its 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. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $1.85 billion. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the business earned $0.94 earnings per share. Analysts predict that AECOM will post 4.46 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 annualized dividend and a dividend yield of 0.86%. AECOM’s dividend payout ratio 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.