Assenagon Asset Management S.A. Sells 467 Shares of AECOM (NYSE:ACM)

Assenagon Asset Management S.A. reduced its holdings in AECOM (NYSE:ACM) by 15.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,635 shares of the construction company’s stock after selling 467 shares during the quarter. Assenagon Asset Management S.A.’s holdings in AECOM were worth $272,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ACM. CreativeOne Wealth LLC lifted its position in shares of AECOM by 3.4% during the 1st quarter. CreativeOne Wealth LLC now owns 3,423 shares of the construction company’s stock valued at $336,000 after acquiring an additional 114 shares during the period. Fifth Third Bancorp raised its holdings in shares of AECOM by 6.7% during the second quarter. Fifth Third Bancorp now owns 1,808 shares of the construction company’s stock valued at $159,000 after purchasing an additional 114 shares during the period. Nilsine Partners LLC boosted its position in shares of AECOM by 1.1% during the 2nd quarter. Nilsine Partners LLC now owns 13,981 shares of the construction company’s stock worth $1,232,000 after purchasing an additional 152 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of AECOM by 5.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,338 shares of the construction company’s stock valued at $294,000 after buying an additional 167 shares during the period. Finally, Caprock Group LLC increased its position in AECOM by 7.2% in the 2nd quarter. Caprock Group LLC now owns 2,562 shares of the construction company’s stock valued at $226,000 after buying an additional 173 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Stock Up 1.5 %

AECOM stock opened at $108.40 on Monday. AECOM has a fifty-two week low of $76.95 and a fifty-two week high of $109.98. 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 firm’s 50-day simple moving average is $102.25 and its 200 day simple moving average is $94.45. The stock has a market cap of $14.53 billion, a PE ratio of 58.28, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17.

AECOM (NYSE:ACM) last announced its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 EPS. Research analysts predict that AECOM will post 4.46 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd were paid a $0.22 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 0.81%. AECOM’s dividend payout ratio (DPR) is presently 47.31%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ACM. Truist Financial raised their price objective on AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, October 4th. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. KeyCorp upped their price objective on shares of AECOM from $99.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Robert W. Baird lifted their price objective on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada upped their target price on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target 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.