AE Wealth Management LLC Buys 221 Shares of AECOM (NYSE:ACM)

AE Wealth Management LLC boosted its stake in shares of AECOM (NYSE:ACM) by 9.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,501 shares of the construction company’s stock after buying an additional 221 shares during the period. AE Wealth Management LLC’s holdings in AECOM were worth $220,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ACM. EntryPoint Capital LLC bought a new position in shares of AECOM during the first quarter valued at $25,000. Ables Iannone Moore & Associates Inc. bought a new stake in AECOM during the 4th quarter valued at about $28,000. Creekmur Asset Management LLC purchased a new position in AECOM in the fourth quarter worth about $28,000. Rise Advisors LLC purchased a new position in AECOM in the first quarter worth about $31,000. Finally, Family Firm Inc. bought a new position in shares of AECOM in the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ACM. Robert W. Baird boosted their price objective on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Truist Financial restated a “buy” rating and issued a $108.00 price target (up previously from $107.00) on shares of AECOM in a research note on Wednesday, August 7th. KeyCorp upped their price target on AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Citigroup reduced their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, Royal Bank of Canada upped their target price on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has an average rating of “Buy” and a consensus price target of $105.00.

AECOM Stock Up 0.0 %

ACM stock opened at $103.23 on Friday. The business’s 50-day moving average is $95.91 and its two-hundred day moving average is $92.68. The company has a market cap of $14.05 billion, a price-to-earnings ratio of -1,147.00, a P/E/G ratio of 1.70 and a beta of 1.17. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $104.63. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13.

AECOM (NYSE:ACM) last issued its quarterly earnings data 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. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $1.85 billion. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 EPS. As a group, analysts forecast that AECOM will post 4.46 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently disclosed 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 0.85%. The ex-dividend date is Wednesday, October 2nd. AECOM’s payout ratio is -977.78%.

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.