AECOM (NYSE:ACM) Stake Boosted by Global Retirement Partners LLC

Global Retirement Partners LLC grew its stake in shares of AECOM (NYSE:ACM) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,837 shares of the construction company’s stock after purchasing an additional 381 shares during the quarter. Global Retirement Partners LLC’s holdings in AECOM were worth $500,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. EntryPoint Capital LLC acquired a new position in shares of AECOM during the first quarter worth approximately $25,000. Family Firm Inc. acquired a new position in shares of AECOM during the second quarter worth approximately $31,000. UMB Bank n.a. boosted its position in shares of AECOM by 196.2% during the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after buying an additional 257 shares during the period. Kathleen S. Wright Associates Inc. acquired a new position in shares of AECOM during the third quarter worth approximately $50,000. Finally, Versant Capital Management Inc boosted its position in shares of AECOM by 4,375.0% during the second quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock worth $47,000 after buying an additional 525 shares during the period. 85.41% of the stock is owned by institutional investors.

AECOM Price Performance

Shares of NYSE:ACM opened at $107.49 on Tuesday. AECOM has a one year low of $74.40 and a one year high of $108.26. The stock has a fifty day moving average of $100.47 and a 200-day moving average of $93.73. The company has a market capitalization of $14.63 billion, a PE ratio of -1,194.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17. 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 announced its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 EPS 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 company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts anticipate that AECOM will post 4.46 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is currently -977.78%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ACM. Barclays boosted their price objective on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Robert W. Baird upped their target price on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Truist Financial upped their target price on AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Citigroup cut their target price on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Finally, Royal Bank of Canada upped their target price on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.86.

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.