Summit Investment Advisors Inc. Has $4.42 Million Stock Holdings in AECOM $ACM

Summit Investment Advisors Inc. trimmed its position in AECOM (NYSE:ACM) by 1.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 47,607 shares of the construction company’s stock after selling 746 shares during the period. Summit Investment Advisors Inc.’s holdings in AECOM were worth $4,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Penserra Capital Management LLC bought a new position in AECOM in the 2nd quarter worth $136,000. Vestmark Advisory Solutions Inc. acquired a new stake in AECOM in the 2nd quarter valued at approximately $249,000. Savant Capital LLC grew its holdings in AECOM by 31.6% in the 2nd quarter. Savant Capital LLC now owns 2,877 shares of the construction company’s stock valued at $325,000 after buying an additional 691 shares during the last quarter. Andra AP fonden increased its position in AECOM by 206.9% in the 2nd quarter. Andra AP fonden now owns 124,300 shares of the construction company’s stock worth $14,028,000 after buying an additional 83,800 shares during the period. Finally, Resona Asset Management Co. Ltd. lifted its holdings in shares of AECOM by 2.5% during the second quarter. Resona Asset Management Co. Ltd. now owns 41,173 shares of the construction company’s stock worth $4,646,000 after buying an additional 987 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ACM shares. UBS Group raised their price objective on shares of AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded shares of AECOM from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. National Bank Financial began coverage on shares of AECOM in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $151.00 price target on the stock. Truist Financial upped their price objective on shares of AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, Barclays lifted their target price on AECOM from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $137.30.

AECOM Stock Up 0.5%

Shares of NYSE ACM opened at $130.83 on Friday. AECOM has a 52-week low of $85.00 and a 52-week high of $135.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The business has a fifty day moving average of $130.04 and a two-hundred day moving average of $118.15. The stock has a market cap of $17.33 billion, a PE ratio of 28.50, a PEG ratio of 1.96 and a beta of 1.06.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Wednesday, October 1st were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, October 1st. AECOM’s dividend payout ratio (DPR) is currently 22.66%.

Insider Transactions at AECOM

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

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.