Pictet Asset Management Holding SA Sells 3,769 Shares of AECOM (NYSE:ACM)

Pictet Asset Management Holding SA lessened its stake in AECOM (NYSE:ACM) by 0.1% in the fourth quarter, HoldingsChannel reports. The firm owned 5,196,149 shares of the construction company’s stock after selling 3,769 shares during the period. Pictet Asset Management Holding SA’s holdings in AECOM were worth $555,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of AECOM in the 4th quarter worth $190,495,000. Loomis Sayles & Co. L P boosted its position in AECOM by 3.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 169,508 shares of the construction company’s stock worth $18,107,000 after purchasing an additional 6,007 shares during the last quarter. Elo Mutual Pension Insurance Co grew its stake in shares of AECOM by 14.3% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 13,821 shares of the construction company’s stock valued at $1,476,000 after purchasing an additional 1,729 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of AECOM by 10.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 99,672 shares of the construction company’s stock valued at $10,740,000 after purchasing an additional 9,707 shares during the period. Finally, Korea Investment CORP increased its position in shares of AECOM by 43.1% during the 4th quarter. Korea Investment CORP now owns 157,332 shares of the construction company’s stock valued at $16,806,000 after purchasing an additional 47,371 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Trading Down 0.1 %

Shares of AECOM stock opened at $94.54 on Friday. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $12.54 billion, a P/E ratio of 26.86, a P/E/G ratio of 1.63 and a beta of 1.22. The company has a fifty day moving average of $100.67 and a 200 day moving average of $105.06.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, sell-side analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) is currently 29.55%.

Analyst Upgrades and Downgrades

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

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.