Meeder Asset Management Inc. Sells 22,957 Shares of AECOM (NYSE:ACM)

Meeder Asset Management Inc. lowered its holdings in AECOM (NYSE:ACM) by 30.8% in the second quarter, Holdings Channel reports. The firm owned 51,635 shares of the construction company’s stock after selling 22,957 shares during the quarter. Meeder Asset Management Inc.’s holdings in AECOM were worth $4,551,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its holdings in shares of AECOM by 9.0% in the 2nd quarter. American Century Companies Inc. now owns 14,927 shares of the construction company’s stock valued at $1,316,000 after acquiring an additional 1,234 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in AECOM by 22.4% in the second quarter. Daiwa Securities Group Inc. now owns 38,200 shares of the construction company’s stock valued at $3,367,000 after purchasing an additional 7,000 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of AECOM by 13.5% during the 2nd quarter. Texas Permanent School Fund Corp now owns 135,163 shares of the construction company’s stock worth $11,913,000 after purchasing an additional 16,116 shares during the last quarter. Choreo LLC acquired a new position in shares of AECOM during the 2nd quarter worth approximately $272,000. Finally, Quest Partners LLC raised its stake in shares of AECOM by 15.2% during the 2nd quarter. Quest Partners LLC now owns 30,551 shares of the construction company’s stock worth $2,693,000 after purchasing an additional 4,022 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Stock Performance

Shares of ACM stock opened at $96.55 on Friday. AECOM has a 52 week low of $74.40 and a 52 week high of $102.26. The company has a market capitalization of $13.14 billion, a price-to-earnings ratio of -1,072.78, a PEG ratio of 1.57 and a beta of 1.17. The company has a 50-day simple moving average of $92.68 and a 200 day simple moving average of $91.83. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts predict that AECOM will post 4.46 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.91%. AECOM’s dividend payout ratio is -977.78%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ACM shares. Truist Financial restated a “buy” rating and set a $108.00 target price (up from $107.00) on shares of AECOM in a report on Wednesday, August 7th. UBS Group lifted their price objective on shares of AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Citigroup dropped their target price on shares of AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Robert W. Baird lifted their price target on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Barclays boosted their price target on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $105.00.

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.