WealthCare Investment Partners LLC Trims Holdings in AECOM (NYSE:ACM)

WealthCare Investment Partners LLC lessened its position in AECOM (NYSE:ACM) by 8.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,441 shares of the construction company’s stock after selling 485 shares during the period. WealthCare Investment Partners LLC’s holdings in AECOM were worth $572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Brookstone Capital Management acquired a new position in AECOM in the 3rd quarter valued at $205,000. GAMMA Investing LLC grew its holdings in AECOM by 27.1% in the third quarter. GAMMA Investing LLC now owns 1,129 shares of the construction company’s stock valued at $117,000 after purchasing an additional 241 shares during the period. Park Avenue Securities LLC purchased a new position in shares of AECOM in the 3rd quarter worth $270,000. Sanctuary Advisors LLC acquired a new position in shares of AECOM in the 2nd quarter valued at about $426,000. Finally, Truist Financial Corp grew its stake in AECOM by 25.3% during the second quarter. Truist Financial Corp now owns 5,076 shares of the construction company’s stock worth $447,000 after buying an additional 1,026 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ACM. Royal Bank of Canada raised their target price on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. KeyCorp lifted their price objective on shares of AECOM from $99.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday. Robert W. Baird raised their price target on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Barclays upped their target price on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, Truist Financial increased their target price on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $108.86.

AECOM Trading Down 0.5 %

Shares of NYSE ACM opened at $104.65 on Wednesday. The company has a current ratio of 1.13, a quick 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 $106.00. The business has a 50-day moving average price of $97.85 and a two-hundred day moving average price of $93.15. The firm has a market capitalization of $14.25 billion, a PE ratio of -1,162.78, a PEG ratio of 1.70 and a beta of 1.17.

AECOM (NYSE:ACM) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business earned $0.94 EPS. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, analysts predict that AECOM will post 4.46 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

AECOM Company 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.