Kestra Investment Management LLC boosted its position in AECOM (NYSE:ACM – Free Report) by 31.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,765 shares of the construction company’s stock after purchasing an additional 7,179 shares during the quarter. Kestra Investment Management LLC’s holdings in AECOM were worth $1,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the company. Western Wealth Management LLC purchased a new position in shares of AECOM during the 1st quarter valued at $36,000. Compass Financial Management LLC bought a new position in shares of AECOM in the second quarter worth $36,000. Signaturefd LLC increased its holdings in shares of AECOM by 321.0% in the third quarter. Signaturefd LLC now owns 703 shares of the construction company’s stock worth $41,000 after purchasing an additional 536 shares during the period. Bfsg LLC raised its position in shares of AECOM by 34.9% in the third quarter. Bfsg LLC now owns 920 shares of the construction company’s stock worth $54,000 after buying an additional 238 shares in the last quarter. Finally, Vega Investment Solutions purchased a new stake in shares of AECOM in the second quarter worth $56,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. The Goldman Sachs Group set a $91.00 price objective on AECOM in a research note on Wednesday, August 12th. Truist Financial decreased their target price on AECOM from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Weiss Ratings cut AECOM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. UBS Group lowered their price target on AECOM from $106.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Finally, Argus dropped their price target on AECOM from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, August 25th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.73.
Check Out Our Latest Analysis on AECOM
AECOM Price Performance
Shares of NYSE:ACM opened at $70.68 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. The stock has a market cap of $9.10 billion, a PE ratio of 32.42, a PEG ratio of 1.27 and a beta of 0.90. The company’s fifty day moving average is $62.36 and its 200 day moving average is $75.24. AECOM has a 52 week low of $56.39 and a 52 week high of $135.52.
AECOM (NYSE:ACM – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The construction company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($1.96). AECOM had a net margin of 1.87% and a return on equity of 19.72%. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the company earned $1.34 earnings per share. The business’s quarterly revenue was down 14.2% on a year-over-year basis. Research analysts anticipate that AECOM will post 3.98 earnings per share for the current year.
AECOM Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Wednesday, October 14th. AECOM’s dividend payout ratio is currently 56.88%.
About AECOM
AECOM is an infrastructure consulting firm that provides planning, design, engineering, architecture, program management, and environmental services. It works with public- and private-sector clients on projects involving transportation, water, buildings, energy, and other infrastructure. The company supports projects across their life cycles, from early planning and design through construction management and operations. Its services include environmental assessment and remediation, engineering and technical consulting, and management of large-scale infrastructure programs.
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