AECOM (NYSE:ACM) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its holdings in AECOM (NYSE:ACM) by 32.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,788 shares of the construction company’s stock after selling 1,801 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in AECOM were worth $334,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ACM. EntryPoint Capital LLC acquired a new stake in shares of AECOM during the first quarter worth approximately $25,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of AECOM during the 4th quarter valued at $28,000. Creekmur Asset Management LLC purchased a new position in shares of AECOM during the 4th quarter valued at $28,000. Rise Advisors LLC acquired a new position in shares of AECOM in the first quarter worth $31,000. Finally, Family Firm Inc. purchased a new stake in shares of AECOM during the second quarter worth $31,000. Institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

Shares of ACM opened at $105.03 on Thursday. The company has a market capitalization of $14.30 billion, a PE ratio of -1,167.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13. AECOM has a one year low of $74.40 and a one year high of $106.00. The company’s fifty day moving average price is $98.14 and its 200 day moving average price is $93.24.

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

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors 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 0.84%. The ex-dividend date is Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is currently -977.78%.

Wall Street Analysts Forecast Growth

ACM has been the subject of a number of research reports. Truist Financial lifted their price objective on AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Royal Bank of Canada boosted their price target on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Citigroup cut their price objective on shares of AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Robert W. Baird boosted their target price on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Barclays raised their price target on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM presently has an average rating of “Buy” and an average price target of $108.86.

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.