Toronto Dominion Bank Lowers Position in AECOM (NYSE:ACM)

Toronto Dominion Bank cut its stake in shares of AECOM (NYSE:ACM) by 10.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 35,344 shares of the construction company’s stock after selling 4,089 shares during the quarter. Toronto Dominion Bank’s holdings in AECOM were worth $3,467,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Findlay Park Partners LLP lifted its position in AECOM by 22.6% during the first quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock valued at $251,215,000 after purchasing an additional 472,944 shares in the last quarter. Norges Bank bought a new stake in AECOM during the fourth quarter valued at about $159,060,000. First Trust Advisors LP raised its holdings in AECOM by 9.9% during the fourth quarter. First Trust Advisors LP now owns 886,451 shares of the construction company’s stock valued at $81,935,000 after acquiring an additional 79,760 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in AECOM by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 886,328 shares of the construction company’s stock valued at $81,923,000 after acquiring an additional 22,596 shares during the period. Finally, UBS Group AG raised its holdings in AECOM by 1.6% during the fourth quarter. UBS Group AG now owns 847,196 shares of the construction company’s stock valued at $78,306,000 after acquiring an additional 13,489 shares during the period. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Price Performance

Shares of ACM stock opened at $90.23 on Friday. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.88. The stock’s 50-day moving average price is $87.59 and its 200-day moving average price is $90.38.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.01). AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The company’s revenue was up 13.0% compared to the same quarter last year. Analysts expect that AECOM will post 4.47 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd were paid a dividend of $0.22 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $0.88 annualized dividend and a yield of 0.98%. AECOM’s payout ratio is currently -977.67%.

Insiders Place Their Bets

In other AECOM news, Director Douglas Stotlar sold 7,179 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $93.51, for a total transaction of $671,308.29. Following the sale, the director now directly owns 34,667 shares of the company’s stock, valued at $3,241,711.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on ACM. Citigroup decreased their price target on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Robert W. Baird decreased their price target on AECOM from $110.00 to $96.00 and set an “outperform” rating on the stock in a report on Monday, July 8th. KeyCorp decreased their price target on AECOM from $105.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, July 17th. Truist Financial decreased their price target on AECOM from $113.00 to $107.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Finally, UBS Group lifted their target price on AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $101.88.

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.