Norges Bank Acquires Shares of 1,783,329 AECOM (NYSE:ACM)

Norges Bank acquired a new stake in AECOM (NYSE:ACM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,783,329 shares of the construction company’s stock, valued at approximately $190,495,000. Norges Bank owned about 1.34% of AECOM at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cerity Partners LLC lifted its position in AECOM by 79.3% in the third quarter. Cerity Partners LLC now owns 25,348 shares of the construction company’s stock worth $2,618,000 after buying an additional 11,209 shares during the last quarter. Private Trust Co. NA bought a new position in AECOM during the 3rd quarter valued at about $30,000. Bank of Montreal Can raised its position in AECOM by 8.5% in the 3rd quarter. Bank of Montreal Can now owns 42,395 shares of the construction company’s stock worth $4,376,000 after purchasing an additional 3,311 shares during the period. BNP Paribas Financial Markets raised its position in AECOM by 26.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 204,111 shares of the construction company’s stock worth $21,079,000 after purchasing an additional 42,420 shares during the period. Finally, Townsquare Capital LLC bought a new stake in AECOM in the third quarter worth about $279,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ACM. Barclays upped their target price on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Citigroup cut their price objective on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. KeyCorp decreased their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Robert W. Baird cut their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $120.38.

AECOM Stock Down 2.2 %

NYSE:ACM opened at $92.48 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The company has a 50-day moving average of $100.34 and a 200 day moving average of $105.18. The firm has a market cap of $12.27 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. As a group, research analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.12%. AECOM’s dividend payout ratio is presently 29.55%.

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.