HighPoint Advisor Group LLC Sells 150 Shares of AECOM (NYSE:ACM)

HighPoint Advisor Group LLC decreased its position in shares of AECOM (NYSE:ACM) by 3.5% in the 4th quarter, HoldingsChannel reports. The fund owned 4,133 shares of the construction company’s stock after selling 150 shares during the period. HighPoint Advisor Group LLC’s holdings in AECOM were worth $440,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ACM. Alliancebernstein L.P. increased its stake in AECOM by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company’s stock valued at $397,196,000 after purchasing an additional 373,991 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of AECOM by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company’s stock valued at $233,918,000 after buying an additional 14,511 shares during the last quarter. Norges Bank bought a new stake in shares of AECOM during the fourth quarter worth about $190,495,000. Charles Schwab Investment Management Inc. raised its holdings in shares of AECOM by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 893,903 shares of the construction company’s stock worth $95,487,000 after acquiring an additional 6,513 shares during the last quarter. Finally, AGF Management Ltd. lifted its position in AECOM by 0.7% in the 4th quarter. AGF Management Ltd. now owns 871,893 shares of the construction company’s stock valued at $93,136,000 after acquiring an additional 5,660 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

AECOM Trading Up 1.9 %

NYSE ACM opened at $95.89 on Thursday. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.63 and a beta of 1.22. The business’s fifty day moving average is $99.38 and its 200-day moving average is $105.07. 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 one year low of $82.23 and a one year high of $118.56.

AECOM (NYSE:ACM) last released its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Equities research analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. 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 1.08%. AECOM’s dividend payout ratio is 29.55%.

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.