Principal Financial Group Inc. Sells 2,066 Shares of AECOM (NYSE:ACM)

Principal Financial Group Inc. lessened its holdings in shares of AECOM (NYSE:ACM) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 305,273 shares of the construction company’s stock after selling 2,066 shares during the quarter. Principal Financial Group Inc.’s holdings in AECOM were worth $28,308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mutual Advisors LLC raised its stake in AECOM by 3.8% during the 1st quarter. Mutual Advisors LLC now owns 4,609 shares of the construction company’s stock valued at $449,000 after purchasing an additional 169 shares during the period. Private Trust Co. NA increased its stake in AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock worth $38,000 after acquiring an additional 112 shares during the last quarter. KBC Group NV increased its stake in AECOM by 96.7% in the 1st quarter. KBC Group NV now owns 37,867 shares of the construction company’s stock worth $3,511,000 after acquiring an additional 18,612 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in AECOM by 3.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 101,196 shares of the construction company’s stock worth $9,384,000 after acquiring an additional 3,258 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in AECOM by 3.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 111,206 shares of the construction company’s stock worth $10,312,000 after acquiring an additional 3,362 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.

Analyst Upgrades and Downgrades

ACM has been the topic of a number of research reports. KeyCorp reduced their price objective on AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Citigroup lifted their price objective on AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Truist Financial reduced their price objective on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird lifted their price objective on AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Finally, Royal Bank Of Canada lifted their price objective on AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM has a consensus rating of “Buy” and an average price target of $120.86.

AECOM Price Performance

ACM opened at $115.09 on Wednesday. The business has a fifty day moving average of $109.37 and a 200 day moving average of $103.37. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.00. The stock has a market cap of $15.23 billion, a P/E ratio of 25.07, a PEG ratio of 1.87 and a beta of 0.96.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the previous year, the business earned $1.04 EPS. AECOM’s revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Wednesday, July 2nd. AECOM’s payout ratio is currently 22.66%.

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.