Cetera Investment Advisers Boosts Stock Position in AECOM (NYSE:ACM)

Cetera Investment Advisers boosted its stake in AECOM (NYSE:ACM - Free Report) by 100.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,091 shares of the construction company's stock after acquiring an additional 21,542 shares during the quarter. Cetera Investment Advisers' holdings in AECOM were worth $3,996,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA increased its position in shares of AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after buying an additional 112 shares during the period. Ellevest Inc. increased its position in AECOM by 2.2% during the 4th quarter. Ellevest Inc. now owns 5,820 shares of the construction company's stock valued at $622,000 after purchasing an additional 124 shares during the period. Bessemer Group Inc. increased its position in AECOM by 0.5% during the 4th quarter. Bessemer Group Inc. now owns 30,959 shares of the construction company's stock valued at $3,307,000 after purchasing an additional 156 shares during the period. Gateway Investment Advisers LLC increased its position in AECOM by 7.8% during the 1st quarter. Gateway Investment Advisers LLC now owns 2,196 shares of the construction company's stock valued at $204,000 after purchasing an additional 158 shares during the period. Finally, Mutual Advisors LLC grew its position in shares of AECOM by 3.8% in the 1st quarter. Mutual Advisors LLC now owns 4,609 shares of the construction company's stock worth $449,000 after buying an additional 169 shares during the period. 85.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

ACM has been the topic of several research analyst reports. Truist Financial lowered their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Bank of America increased their target price on shares of AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a report on Tuesday. Robert W. Baird upped their price target on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Citigroup reiterated a "buy" rating and issued a $137.00 target price (up from $122.00) on shares of AECOM in a report on Monday, July 28th. Finally, Royal Bank Of Canada boosted their target price on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $125.63.

AECOM Stock Performance

NYSE:ACM traded up $7.01 during midday trading on Tuesday, hitting $118.95. The company's stock had a trading volume of 1,696,109 shares, compared to its average volume of 884,390. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $121.73. The firm's 50 day moving average is $112.63 and its 200-day moving average is $104.20. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market cap of $15.74 billion, a P/E ratio of 25.92, a P/E/G ratio of 1.81 and a beta of 0.99.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.09. AECOM had a net margin of 3.82% and a return on equity of 28.70%. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $4.33 billion. During the same quarter in the previous year, the company posted $1.16 EPS. The company's revenue was up 6.2% compared to the same quarter last year. Equities analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's payout ratio is 22.66%.

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.