National Bank of Canada FI Decreases Holdings in AECOM (NYSE:ACM)

National Bank of Canada FI lessened its stake in shares of AECOM (NYSE:ACM) by 73.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 73,474 shares of the construction company’s stock after selling 201,383 shares during the quarter. National Bank of Canada FI’s holdings in AECOM were worth $7,858,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Franklin Resources Inc. increased its position in shares of AECOM by 1.5% during the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after purchasing an additional 91 shares in the last quarter. Ranch Capital Advisors Inc. grew its stake in AECOM by 2.3% during the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock worth $479,000 after buying an additional 99 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in AECOM by 17.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company’s stock worth $74,000 after buying an additional 103 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in AECOM by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after buying an additional 109 shares during the last quarter. Finally, Avitas Wealth Management LLC boosted its holdings in shares of AECOM by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock valued at $2,023,000 after acquiring an additional 110 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AECOM Price Performance

Shares of ACM opened at $89.23 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock’s 50 day moving average is $98.67 and its two-hundred day moving average is $104.97. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The firm has a market capitalization of $11.83 billion, a PE ratio of 25.35, a P/E/G ratio of 1.63 and a beta of 1.03.

AECOM (NYSE:ACM) last posted its quarterly 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 return on equity of 26.84% and a net margin of 2.93%. Research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

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 is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.17%. AECOM’s dividend payout ratio is presently 29.55%.

AECOM 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.