AE Wealth Management LLC Grows Position in AECOM (NYSE:ACM)

AE Wealth Management LLC boosted its stake in shares of AECOM (NYSE:ACM) by 9.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,501 shares of the construction company’s stock after buying an additional 221 shares during the quarter. AE Wealth Management LLC’s holdings in AECOM were worth $220,000 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. EntryPoint Capital LLC bought a new stake in AECOM during the first quarter valued at about $25,000. Ables Iannone Moore & Associates Inc. bought a new stake in AECOM during the fourth quarter valued at about $28,000. Creekmur Asset Management LLC bought a new stake in AECOM during the fourth quarter valued at about $28,000. Rise Advisors LLC bought a new stake in AECOM during the first quarter valued at about $31,000. Finally, Family Firm Inc. bought a new stake in AECOM during the second quarter valued at about $31,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Trading Up 0.0 %

Shares of ACM stock opened at $103.23 on Friday. AECOM has a 1 year low of $74.40 and a 1 year high of $104.63. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50 day simple moving average is $95.91 and its two-hundred day simple moving average is $92.68. The company has a market cap of $14.05 billion, a PE ratio of -1,147.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. Research analysts predict that AECOM will post 4.46 earnings per share for the current year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 0.85%. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ACM shares. Truist Financial reissued a “buy” rating and set a $108.00 price target (up from $107.00) on shares of AECOM in a report on Wednesday, August 7th. Royal Bank of Canada raised their price target on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Barclays lifted their target price on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. KeyCorp lifted their target price on AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Finally, Robert W. Baird lifted their target price on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $105.00.

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.