Wealth Enhancement Advisory Services LLC Has $797,000 Stock Holdings in AECOM (NYSE:ACM)

Wealth Enhancement Advisory Services LLC lifted its holdings in AECOM (NYSE:ACM) by 131.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,721 shares of the construction company’s stock after buying an additional 4,383 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in AECOM were worth $797,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mackenzie Financial Corp grew its position in shares of AECOM by 12.5% in the 2nd quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company’s stock valued at $936,000 after purchasing an additional 1,180 shares during the period. Acadian Asset Management LLC acquired a new position in AECOM during the 1st quarter worth approximately $1,085,000. Janney Montgomery Scott LLC boosted its position in AECOM by 1,082.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company’s stock worth $3,411,000 after acquiring an additional 31,838 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in AECOM by 102.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 232,223 shares of the construction company’s stock worth $22,777,000 after acquiring an additional 117,646 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in AECOM by 1,717.1% during the 1st quarter. SG Americas Securities LLC now owns 163,480 shares of the construction company’s stock worth $16,034,000 after acquiring an additional 154,483 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Stock Up 3.8 %

ACM opened at $114.10 on Thursday. AECOM has a 1-year low of $77.78 and a 1-year high of $115.74. The stock’s fifty day simple moving average is $102.87 and its 200 day simple moving average is $94.81. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The stock has a market cap of $15.30 billion, a PE ratio of 61.34, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share 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 analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the business earned $0.94 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, research 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 was paid on Friday, October 18th. Investors of record on Wednesday, October 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is presently 47.31%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ACM shares. Robert W. Baird upped their price target on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Barclays upped their price target on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Truist Financial upped their price target on AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Citigroup increased their price objective on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, KeyCorp increased their price objective on AECOM from $99.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $112.29.

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.