Dana Investment Advisors Inc. Sells 1,058 Shares of AECOM (NYSE:ACM)

Dana Investment Advisors Inc. decreased its position in shares of AECOM (NYSE:ACM) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,888 shares of the construction company’s stock after selling 1,058 shares during the period. Dana Investment Advisors Inc.’s holdings in AECOM were worth $3,604,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new position in shares of AECOM in the first quarter valued at $25,000. Ables Iannone Moore & Associates Inc. purchased a new stake in AECOM during the fourth quarter valued at approximately $28,000. Creekmur Asset Management LLC bought a new stake in shares of AECOM in the 4th quarter valued at approximately $28,000. Rise Advisors LLC bought a new position in shares of AECOM during the 1st quarter valued at approximately $31,000. Finally, Family Firm Inc. bought a new position in shares of AECOM during the 2nd quarter valued at approximately $31,000. 85.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on ACM. Truist Financial reaffirmed a “buy” rating and set a $108.00 price objective (up from $107.00) on shares of AECOM in a research note on Wednesday, August 7th. KeyCorp upped their price target on shares of AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Royal Bank of Canada increased their price objective on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Barclays boosted their target price on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, Robert W. Baird increased their price target 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, Based on data from MarketBeat.com, AECOM currently has an average rating of “Buy” and an average price target of $105.00.

AECOM Stock Performance

AECOM stock opened at $102.59 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $13.97 billion, a PE ratio of -1,139.89, a P/E/G ratio of 1.70 and a beta of 1.17. The company has a 50 day moving average price of $96.17 and a 200-day moving average price of $92.79. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $104.63.

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

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is currently -977.78%.

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.