Wealth Enhancement Advisory Services LLC Buys 16,718 Shares of AECOM (NYSE:ACM)

Wealth Enhancement Advisory Services LLC boosted its position in AECOM (NYSE:ACM - Free Report) by 170.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,543 shares of the construction company's stock after buying an additional 16,718 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in AECOM were worth $2,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ACM. Principal Securities Inc. lifted its stake in shares of AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after acquiring an additional 116 shares during the last quarter. National Pension Service bought a new position in shares of AECOM during the fourth quarter valued at about $32,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of AECOM during the fourth quarter worth about $35,000. Kapitalo Investimentos Ltda bought a new stake in shares of AECOM in the fourth quarter worth about $62,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in AECOM by 148.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock valued at $55,000 after purchasing an additional 354 shares during the period. 85.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Truist Financial reduced their target price on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Citigroup lifted their target price on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada increased their price target on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Robert W. Baird lifted their price objective on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Finally, KeyCorp reduced their target price on AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $120.86.

AECOM Stock Up 0.4%

NYSE:ACM traded up $0.41 during mid-day trading on Wednesday, hitting $114.11. 372,882 shares of the company's stock were exchanged, compared to its average volume of 925,725. The company has a market cap of $15.10 billion, a PE ratio of 24.86, a P/E/G ratio of 1.83 and a beta of 0.96. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.15 and a quick ratio of 1.15. AECOM has a one year low of $82.23 and a one year high of $118.56. The business has a fifty day moving average price of $107.56 and a 200 day moving average price of $103.14.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.10. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 EPS. Equities analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Wednesday, July 2nd will be issued a $0.26 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.91%. AECOM's payout ratio is currently 22.66%.

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.