APG Asset Management N.V. Sells 120,600 Shares of AECOM (NYSE:ACM)

APG Asset Management N.V. reduced its stake in shares of AECOM (NYSE:ACM) by 83.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,500 shares of the construction company’s stock after selling 120,600 shares during the quarter. APG Asset Management N.V.’s holdings in AECOM were worth $1,933,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of AECOM by 81.0% during the second quarter. AQR Capital Management LLC now owns 362,817 shares of the construction company’s stock valued at $31,979,000 after buying an additional 162,416 shares during the last quarter. AXA S.A. raised its holdings in AECOM by 3.1% in the 2nd quarter. AXA S.A. now owns 350,644 shares of the construction company’s stock valued at $30,906,000 after acquiring an additional 10,484 shares in the last quarter. Caxton Associates LP bought a new stake in shares of AECOM in the 2nd quarter worth approximately $373,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of AECOM in the 2nd quarter worth approximately $501,000. Finally, Aristeia Capital L.L.C. acquired a new stake in shares of AECOM during the 2nd quarter worth approximately $573,000. 85.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

AECOM Stock Performance

NYSE:ACM opened at $103.27 on Tuesday. The stock has a market capitalization of $14.06 billion, a P/E ratio of -1,147.39, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. AECOM has a 1 year low of $74.40 and a 1 year high of $104.63. The firm has a 50 day moving average of $95.91 and a 200-day moving average of $92.70.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.04. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $1.85 billion. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS. As a group, sell-side analysts anticipate that AECOM will post 4.46 EPS for the current fiscal 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 dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Wednesday, October 2nd. AECOM’s dividend payout ratio is currently -977.78%.

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.