Forsta AP Fonden Buys 3,700 Shares of AECOM (NYSE:ACM)

Forsta AP Fonden boosted its position in shares of AECOM (NYSE:ACM) by 16.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 26,000 shares of the construction company’s stock after buying an additional 3,700 shares during the quarter. Forsta AP Fonden’s holdings in AECOM were worth $2,685,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in shares of AECOM in the 1st quarter valued at $25,000. Family Firm Inc. bought a new position in AECOM during the second quarter worth about $31,000. UMB Bank n.a. boosted its holdings in AECOM by 196.2% during the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after purchasing an additional 257 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in shares of AECOM in the 3rd quarter valued at approximately $50,000. Finally, Versant Capital Management Inc raised its holdings in shares of AECOM by 4,375.0% in the 2nd quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock worth $47,000 after buying an additional 525 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Price Performance

Shares of ACM stock opened at $107.33 on Thursday. AECOM has a 1 year low of $75.19 and a 1 year high of $109.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The firm’s 50 day moving average is $101.63 and its 200-day moving average is $94.16. The firm has a market capitalization of $14.61 billion, a price-to-earnings ratio of -1,192.56, a PEG ratio of 1.58 and a beta of 1.17.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. The firm had revenue of $4.15 billion for 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 prior year, the business earned $0.94 EPS. Sell-side analysts forecast that AECOM will post 4.46 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, October 2nd. This represents a $0.88 annualized dividend and a yield of 0.82%. AECOM’s dividend payout ratio is currently -977.78%.

Wall Street Analyst Weigh In

ACM has been the topic of several recent analyst reports. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday. KeyCorp boosted their target price on shares of AECOM from $99.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Robert W. Baird lifted their price target on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Barclays upped their price objective on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, Citigroup lifted their target price on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has an average rating of “Buy” and a consensus target price of $112.29.

AECOM Company 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.