Cresset Asset Management LLC Trims Stock Holdings in AECOM (NYSE:ACM)

Cresset Asset Management LLC lessened its stake in AECOM (NYSE:ACM - Free Report) by 73.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,984 shares of the construction company's stock after selling 8,367 shares during the quarter. Cresset Asset Management LLC's holdings in AECOM were worth $319,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its position in AECOM by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock valued at $809,000 after purchasing an additional 109 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in shares of AECOM by 10.4% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the construction company's stock worth $437,000 after purchasing an additional 385 shares during the period. Park Avenue Securities LLC grew its holdings in AECOM by 176.9% during the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company's stock valued at $773,000 after purchasing an additional 4,625 shares during the last quarter. HB Wealth Management LLC raised its position in AECOM by 41.1% in the 4th quarter. HB Wealth Management LLC now owns 4,732 shares of the construction company's stock worth $505,000 after purchasing an additional 1,379 shares during the period. Finally, UMB Bank n.a. raised its position in AECOM by 82.5% in the 4th quarter. UMB Bank n.a. now owns 708 shares of the construction company's stock worth $76,000 after purchasing an additional 320 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Barclays increased their price objective on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Citigroup upped their price target on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Royal Bank of Canada upped their price target on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, KeyCorp cut their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has a consensus rating of "Buy" and a consensus target price of $119.00.

AECOM Price Performance

Shares of ACM stock traded down $0.11 during mid-day trading on Tuesday, hitting $108.82. 808,010 shares of the stock were exchanged, compared to its average volume of 916,035. The company has a market cap of $14.40 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The firm has a fifty day moving average of $96.92 and a 200 day moving average of $103.51. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.15 by $0.10. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. The firm's revenue was up 2.6% compared to the same quarter last year. Research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. AECOM's payout ratio is 22.66%.

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.