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

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

Other institutional investors have also modified their holdings of the company. Principal Securities Inc. grew its holdings in AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after acquiring an additional 116 shares during the period. Allworth Financial LP grew its position in shares of AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after acquiring an additional 207 shares during the period. National Pension Service acquired a new stake in shares of AECOM during the 4th quarter valued at about $32,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of AECOM in the 4th quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in AECOM in the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 85.41% of the company's stock.

AECOM Price Performance

Shares of AECOM stock traded down $0.48 on Thursday, hitting $106.97. 62,789 shares of the company were exchanged, compared to its average volume of 914,503. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average price of $97.48 and a 200 day moving average price of $103.58. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of 30.38, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56.

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

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is presently 22.66%.

Analyst Upgrades and Downgrades

ACM has been the topic of several research analyst reports. Citigroup raised their price objective on AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. KeyCorp decreased their price objective 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. Barclays boosted their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Royal Bank of Canada raised their price target on shares of AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Truist Financial lowered their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $119.00.

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.