LPL Financial LLC Has $17.38 Million Stake in AECOM (NYSE:ACM)

Key Points

• LPL Financial LLC increased its stake in AECOM by 31.9% during Q1, owning approximately 0.14% of the company, valued at $17.38 million.
• A quarterly dividend of $0.26 per share was issued, providing an annualized yield of 0.9%, with a payout ratio of 22.66%.
• Analysts have a consensus rating of "Buy" for AECOM, with a target price averaging $127.33, and recent price targets set as high as $139.00.

LPL Financial LLC lifted its stake in shares of AECOM (NYSE:ACM - Free Report) by 31.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,380 shares of the construction company's stock after acquiring an additional 45,365 shares during the quarter. LPL Financial LLC owned 0.14% of AECOM worth $17,376,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ACM. Marshall & Sterling Wealth Advisors Inc. acquired a new position in AECOM in the 4th quarter valued at approximately $35,000. Private Trust Co. NA raised its holdings 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 acquiring an additional 112 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in AECOM by 148.7% during the first 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 last quarter. Kapitalo Investimentos Ltda purchased a new position in AECOM in the fourth quarter valued at about $62,000. Finally, Olde Wealth Management LLC acquired a new position in AECOM in the 1st quarter worth about $77,000. 85.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America boosted their price target on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research note on Tuesday. Wall Street Zen upgraded shares of AECOM from a "hold" rating to a "buy" rating in a research note on Saturday. Citigroup restated a "buy" rating and set a $137.00 price target (up previously from $122.00) on shares of AECOM in a research note on Monday, July 28th. Robert W. Baird raised 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. Finally, 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 report on Wednesday, May 7th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $127.33.

AECOM Stock Performance

ACM traded down $0.77 during trading on Friday, hitting $118.44. The stock had a trading volume of 611,592 shares, compared to its average volume of 958,858. The firm has a market cap of $15.69 billion, a PE ratio of 25.80, a P/E/G ratio of 1.77 and a beta of 0.99. AECOM has a 12 month low of $85.00 and a 12 month high of $121.73. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.91. The company has a 50 day simple moving average of $113.22 and a 200-day simple moving average of $104.42.

AECOM (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.25 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The business's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. Analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) 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.