Mirae Asset Global Investments Co. Ltd. Sells 113,742 Shares of AECOM (NYSE:ACM)

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of AECOM (NYSE:ACM) by 15.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 618,710 shares of the construction company’s stock after selling 113,742 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.45% of AECOM worth $60,683,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ables Iannone Moore & Associates Inc. bought a new stake in AECOM in the 4th quarter worth about $28,000. Creekmur Asset Management LLC bought a new stake in AECOM in the 4th quarter worth about $28,000. Rise Advisors LLC bought a new stake in AECOM in the 1st quarter worth about $31,000. GAMMA Investing LLC bought a new stake in AECOM in the 4th quarter worth about $35,000. Finally, Headlands Technologies LLC bought a new stake in AECOM in the 4th quarter worth about $40,000. 85.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Douglas Stotlar sold 7,179 shares of AECOM stock in a transaction on Friday, May 10th. The shares were sold at an average price of $93.51, for a total value of $671,308.29. Following 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 through the SEC website. 0.42% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ACM has been the subject of a number of recent analyst reports. Citigroup upped their price objective 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. KeyCorp upped their price target on shares of AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. UBS Group upped their price target on shares of AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Robert W. Baird upped their price target on shares of AECOM from $104.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Finally, Truist Financial dropped their price target on shares of AECOM from $113.00 to $107.00 and set a “buy” rating on the stock in a research note on Tuesday. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $106.50.

AECOM Stock Performance

Shares of NYSE:ACM traded down $2.53 during trading on Friday, reaching $84.44. The company had a trading volume of 1,240,639 shares, compared to its average volume of 697,280. The company has a fifty day moving average of $89.05 and a two-hundred day moving average of $90.75. AECOM has a 12 month low of $74.40 and a 12 month high of $98.72. 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 (NYSE:ACM) last issued its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The company had revenue of $3.94 billion during 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%. AECOM’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS. Equities analysts expect that AECOM will post 4.49 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Wednesday, July 3rd will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, July 3rd. AECOM’s payout ratio is presently -977.67%.

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.