Bank of Montreal Can Acquires 81,259 Shares of AECOM $ACM

Bank of Montreal Can increased its holdings in shares of AECOM (NYSE:ACM) by 197.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 122,478 shares of the construction company’s stock after acquiring an additional 81,259 shares during the period. Bank of Montreal Can’s holdings in AECOM were worth $13,823,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. TCTC Holdings LLC grew its holdings in AECOM by 120.3% during the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock valued at $28,000 after buying an additional 166 shares in the last quarter. MAI Capital Management purchased a new position in shares of AECOM in the first quarter worth $28,000. Caitong International Asset Management Co. Ltd boosted its position in shares of AECOM by 212.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. SVB Wealth LLC purchased a new position in AECOM during the first quarter valued at $33,000. Finally, Eastern Bank bought a new stake in AECOM in the 1st quarter valued at $49,000. Institutional investors own 85.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays increased their price objective on shares of AECOM from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Citigroup increased their price target on AECOM from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, October 20th. National Bank Financial began coverage on AECOM in a report on Wednesday, October 8th. They set an “outperform” rating and a $151.00 price target for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AECOM in a research note on Wednesday, October 8th. Finally, UBS Group increased their target price on AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat, AECOM has an average rating of “Buy” and a consensus target price of $137.30.

AECOM Price Performance

NYSE:ACM opened at $130.83 on Friday. The firm has a market capitalization of $17.33 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.96 and a beta of 1.06. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50 day simple moving average of $130.04 and a 200-day simple moving average of $118.32. AECOM has a 1 year low of $85.00 and a 1 year high of $135.00.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, October 1st. AECOM’s payout ratio is presently 22.66%.

Insiders Place Their Bets

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $119.56, for a total transaction of $6,348,277.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.41% of the stock is owned by company insiders.

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.