Mirae Asset Global Investments Co. Ltd. Trims Position in AECOM (NYSE:ACM)

Mirae Asset Global Investments Co. Ltd. lessened its stake in AECOM (NYSE:ACM) by 15.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 618,710 shares of the construction company’s stock after selling 113,742 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in AECOM were worth $60,683,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ACM. Qube Research & Technologies Ltd bought a new position in AECOM during the 3rd quarter worth about $3,363,000. Teza Capital Management LLC bought a new position in AECOM during the 3rd quarter worth about $354,000. Advisors Asset Management Inc. grew its holdings in AECOM by 2.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 26,838 shares of the construction company’s stock worth $2,229,000 after acquiring an additional 671 shares in the last quarter. Lido Advisors LLC bought a new position in AECOM during the 3rd quarter worth about $388,000. Finally, iA Global Asset Management Inc. grew its holdings in AECOM by 33.3% during the 3rd quarter. iA Global Asset Management Inc. now owns 180,575 shares of the construction company’s stock worth $14,995,000 after acquiring an additional 45,098 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Price Performance

ACM stock traded down $2.53 during trading on Friday, reaching $84.44. The company had a trading volume of 1,240,639 shares, compared to its average volume of 697,280. The firm has a 50-day simple moving average of $89.05 and a 200-day simple moving average of $90.75. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.88. AECOM has a twelve month low of $74.40 and a twelve month high of $98.72.

AECOM (NYSE:ACM) last released its earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $0.92 earnings per share. Equities research analysts forecast that AECOM will post 4.49 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, July 3rd. AECOM’s dividend payout ratio is presently -977.67%.

Analyst Ratings Changes

Several research analysts have issued reports on ACM shares. Truist Financial dropped their target price on shares of AECOM from $113.00 to $107.00 and set a “buy” rating on the stock in a report on Tuesday. Citigroup raised their price target on shares of AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Robert W. Baird raised their price target on shares of AECOM from $104.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. UBS Group raised their price target on shares of AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Finally, KeyCorp raised their price target on shares of AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $106.50.

Insiders Place Their Bets

In other AECOM news, Director Douglas Stotlar sold 7,179 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $93.51, for a total transaction of $671,308.29. Following the completion of the transaction, the director now directly owns 34,667 shares of the company’s stock, valued at approximately $3,241,711.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is currently owned by insiders.

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.