HBW Advisory Services LLC Cuts Position in AECOM (NYSE:ACM)

HBW Advisory Services LLC trimmed its position in shares of AECOM (NYSE:ACM) by 49.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,702 shares of the construction company’s stock after selling 4,516 shares during the period. HBW Advisory Services LLC’s holdings in AECOM were worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACM. EntryPoint Capital LLC purchased a new stake in AECOM during the first quarter valued at $25,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of AECOM during the 4th quarter valued at about $28,000. Creekmur Asset Management LLC bought a new position in shares of AECOM in the 4th quarter valued at about $28,000. Rise Advisors LLC bought a new position in shares of AECOM in the 1st quarter valued at about $31,000. Finally, Family Firm Inc. purchased a new position in AECOM in the second quarter worth about $31,000. 85.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ACM has been the subject of several analyst reports. Royal Bank of Canada raised their price objective on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Barclays raised 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 boosted their price objective on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research report on Friday. KeyCorp raised their target price on shares of AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Finally, Robert W. Baird upped their price target on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $106.57.

AECOM Trading Up 1.1 %

ACM traded up $1.17 on Friday, reaching $103.74. 515,885 shares of the company traded hands, compared to its average volume of 803,599. The company has a market cap of $14.12 billion, a P/E ratio of -1,152.67, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. AECOM has a one year low of $74.40 and a one year high of $104.63. The firm has a fifty day simple moving average of $97.26 and a two-hundred day simple moving average of $93.08.

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 the consensus estimate of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts expect that AECOM will post 4.46 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders 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 yield of 0.85%. The ex-dividend date of this dividend is Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) 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.