Toronto Dominion Bank Sells 4,089 Shares of AECOM (NYSE:ACM)

Toronto Dominion Bank trimmed its stake in shares of AECOM (NYSE:ACM) by 10.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,344 shares of the construction company’s stock after selling 4,089 shares during the quarter. Toronto Dominion Bank’s holdings in AECOM were worth $3,467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in shares of AECOM during the 1st quarter valued at $1,085,000. Janney Montgomery Scott LLC raised its stake in shares of AECOM by 1,082.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company’s stock valued at $3,411,000 after purchasing an additional 31,838 shares during the period. Norges Bank bought a new stake in shares of AECOM during the 4th quarter valued at $159,060,000. Oak Thistle LLC bought a new stake in shares of AECOM during the 4th quarter valued at $1,789,000. Finally, International Assets Investment Management LLC bought a new stake in shares of AECOM during the 4th quarter valued at $1,640,000. 85.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on ACM shares. Truist Financial decreased their price objective on AECOM from $113.00 to $107.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Robert W. Baird decreased their target price on AECOM from $110.00 to $96.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. Citigroup decreased their target price on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. UBS Group upped their target price on AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, KeyCorp decreased their target price on AECOM from $105.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $101.88.

Insider Activity at AECOM

In related news, Director Douglas Stotlar sold 7,179 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $93.51, for a total transaction of $671,308.29. Following the completion of the sale, the director now directly owns 34,667 shares in the company, valued at approximately $3,241,711.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is currently owned by company insiders.

AECOM Price Performance

ACM opened at $90.23 on Friday. The stock has a 50-day moving average price of $87.59 and a 200-day moving average price of $90.38. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.88.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, May 6th. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. AECOM’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts expect that AECOM will post 4.47 EPS for the current year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Wednesday, July 3rd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.98%. The ex-dividend date was Wednesday, July 3rd. AECOM’s dividend payout ratio is presently -977.67%.

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.