American International Group Inc. Has $17.31 Million Stock Holdings in AECOM (NYSE:ACM)

American International Group Inc. decreased its position in shares of AECOM (NYSE:ACM) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 187,324 shares of the construction company’s stock after selling 8,063 shares during the period. American International Group Inc.’s holdings in AECOM were worth $17,314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Associates Ltd. increased its stake in shares of AECOM by 4.1% during the 4th quarter. Pinnacle Associates Ltd. now owns 4,522 shares of the construction company’s stock worth $418,000 after purchasing an additional 177 shares during the last quarter. Arizona State Retirement System boosted its holdings in AECOM by 0.5% in the fourth quarter. Arizona State Retirement System now owns 36,221 shares of the construction company’s stock worth $3,348,000 after purchasing an additional 196 shares in the last quarter. Princeton Capital Management LLC boosted its holdings in AECOM by 2.2% in the fourth quarter. Princeton Capital Management LLC now owns 13,290 shares of the construction company’s stock worth $1,228,000 after purchasing an additional 285 shares in the last quarter. Bison Wealth LLC increased its position in AECOM by 6.2% during the fourth quarter. Bison Wealth LLC now owns 4,999 shares of the construction company’s stock worth $462,000 after buying an additional 292 shares during the last quarter. Finally, Ranch Capital Advisors Inc. increased its position in AECOM by 9.2% during the third quarter. Ranch Capital Advisors Inc. now owns 4,446 shares of the construction company’s stock worth $369,000 after buying an additional 375 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AECOM

In other AECOM news, Director Douglas Stotlar sold 7,179 shares of AECOM stock in a transaction on Friday, May 10th. The stock was 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 filing with the SEC, which is available at the SEC website. 0.42% of the stock is owned by company insiders.

AECOM Price Performance

Shares of AECOM stock traded down $0.94 during midday trading on Friday, hitting $86.59. 652,834 shares of the company were exchanged, compared to its average volume of 835,626. The firm has a 50 day simple moving average of $90.91 and a 200-day simple moving average of $91.07. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.06. AECOM has a 52 week low of $74.40 and a 52 week high of $98.72.

AECOM (NYSE:ACM) last issued its 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). AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, sell-side analysts anticipate that AECOM will post 4.49 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Wednesday, July 3rd. AECOM’s dividend payout ratio (DPR) is currently -977.67%.

Analyst Ratings Changes

A number of research analysts have recently commented on ACM shares. Robert W. Baird increased their price objective on AECOM from $104.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. UBS Group lifted their price target on AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. KeyCorp increased their price objective on AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Citigroup boosted their target price on shares of AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Truist Financial reissued a “buy” rating and issued a $113.00 price target (up from $106.00) on shares of AECOM in a report on Wednesday, May 8th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $107.25.

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.