Pictet Asset Management Holding SA Sells 3,769 Shares of AECOM (NYSE:ACM)

Pictet Asset Management Holding SA reduced its position in shares of AECOM (NYSE:ACM) by 0.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,196,149 shares of the construction company’s stock after selling 3,769 shares during the quarter. Pictet Asset Management Holding SA owned approximately 3.92% of AECOM worth $555,053,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Principal Securities Inc. boosted its holdings in AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after acquiring an additional 116 shares in the last quarter. Allworth Financial LP lifted its position in shares of AECOM by 390.6% in the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after purchasing an additional 207 shares during the period. Private Trust Co. NA purchased a new stake in shares of AECOM in the 3rd quarter worth about $30,000. True Wealth Design LLC increased its position in shares of AECOM by 4,242.9% during the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after buying an additional 297 shares during the period. Finally, National Pension Service purchased a new stake in AECOM in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

Shares of ACM stock opened at $94.54 on Friday. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. AECOM has a one year low of $82.23 and a one year high of $118.56. The company’s 50-day moving average is $100.67 and its 200 day moving average is $105.06.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Sell-side analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio is currently 29.55%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays raised their target price on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Citigroup reduced their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird decreased their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Finally, KeyCorp dropped their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $120.38.

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.