Coldstream Capital Management Inc. Decreases Stock Holdings in AECOM (NYSE:ACM)

Coldstream Capital Management Inc. reduced its holdings in shares of AECOM (NYSE:ACM) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,187 shares of the construction company’s stock after selling 379 shares during the quarter. Coldstream Capital Management Inc.’s holdings in AECOM were worth $572,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Findlay Park Partners LLP grew its stake in AECOM by 21.8% during the fourth quarter. Findlay Park Partners LLP now owns 2,088,383 shares of the construction company’s stock worth $193,029,000 after buying an additional 374,250 shares during the period. Norges Bank acquired a new position in shares of AECOM during the fourth quarter worth $159,060,000. Impax Asset Management Group plc lifted its position in shares of AECOM by 6.9% during the third quarter. Impax Asset Management Group plc now owns 1,628,534 shares of the construction company’s stock worth $135,233,000 after purchasing an additional 105,454 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of AECOM by 1.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 951,097 shares of the construction company’s stock worth $78,979,000 after purchasing an additional 16,182 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of AECOM by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 886,328 shares of the construction company’s stock worth $81,923,000 after purchasing an additional 22,596 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

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 shares were sold at an average price of $93.51, for a total value of $671,308.29. Following the completion of the transaction, the director now owns 34,667 shares in the company, valued at approximately $3,241,711.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is currently owned by insiders.

AECOM Stock Down 1.0 %

AECOM stock opened at $89.24 on Thursday. The company has a 50-day simple moving average of $94.07 and a 200-day simple moving average of $90.79. The firm has a market capitalization of $12.15 billion, a P/E ratio of -991.45, a P/E/G ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06. AECOM has a one year low of $74.40 and a one year high of $98.72.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.01). The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $1.80 billion. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS. As a group, equities analysts expect that AECOM will post 4.49 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Wednesday, April 24th were given a $0.22 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 0.99%. AECOM’s dividend payout ratio is presently -977.67%.

Analysts Set New Price Targets

Several research firms recently issued reports on ACM. Citigroup upped their price target on shares of AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a report on Monday, April 22nd. TheStreet raised shares of AECOM from a “c+” rating to a “b” rating in a report on Monday, February 5th. KeyCorp increased their target price on shares of AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Barclays increased their target price on shares of AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $109.00 target price on shares of AECOM in a report on Wednesday, February 7th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM presently has an average rating of “Buy” and an average target price of $107.43.

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.