Cwm LLC Purchases 5,372 Shares of AECOM (NYSE:ACM)

Cwm LLC grew its position in AECOM (NYSE:ACM) by 137.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,275 shares of the construction company’s stock after acquiring an additional 5,372 shares during the period. Cwm LLC’s holdings in AECOM were worth $958,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ACM. EntryPoint Capital LLC bought a new position in AECOM in the 1st quarter valued at $25,000. Rise Advisors LLC acquired a new position in AECOM during the 1st quarter worth about $31,000. Family Firm Inc. bought a new stake in AECOM during the 2nd quarter worth about $31,000. Versant Capital Management Inc raised its stake in shares of AECOM by 4,375.0% in the second quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock worth $47,000 after acquiring an additional 525 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in shares of AECOM during the second quarter worth approximately $51,000. Institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

Shares of ACM stock opened at $107.55 on Friday. The stock has a market cap of $14.64 billion, a PE ratio of -1,195.00, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17. The stock has a 50-day moving average of $99.99 and a 200-day moving average of $93.64. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13. AECOM has a one year low of $74.40 and a one year high of $108.26.

AECOM (NYSE:ACM) last posted its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the business posted $0.94 earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, sell-side analysts expect that AECOM will post 4.46 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Wednesday, October 2nd. AECOM’s dividend payout ratio is currently -977.78%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Truist Financial raised their price target on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a report on Friday, October 4th. Citigroup dropped their target price on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. 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. Robert W. Baird boosted their price objective on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, StockNews.com downgraded shares of AECOM from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.86.

AECOM Company 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.