AECOM (NYSE:ACM) Shares Purchased by Kestra Private Wealth Services LLC

Key Points

• Kestra Private Wealth Services LLC increased its stake in AECOM (NYSE:ACM) by 70.9% during the first quarter, acquiring 2,691 additional shares, bringing their total holdings to 6,484 shares valued at approximately $601,000.
• A series of analyst upgrades have been issued for AECOM, with price targets raised by firms such as Robert W. Baird, KeyCorp, and Royal Bank Of Canada, indicating a positive outlook on the stock.
• AECOM recently announced a quarterly dividend of $0.26 per share, which translates to an annualized dividend of $1.04 and a yield of 0.90%.

Kestra Private Wealth Services LLC lifted its position in AECOM (NYSE:ACM - Free Report) by 70.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,484 shares of the construction company's stock after acquiring an additional 2,691 shares during the period. Kestra Private Wealth Services LLC's holdings in AECOM were worth $601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in ACM. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of AECOM in the 4th quarter valued at $35,000. Private Trust Co. NA increased its position in shares of AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after acquiring an additional 112 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of AECOM in the 4th quarter valued at $55,000. MassMutual Private Wealth & Trust FSB increased its position in shares of AECOM by 148.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock valued at $55,000 after acquiring an additional 354 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of AECOM in the 4th quarter valued at $62,000. 85.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACM has been the topic of several analyst reports. Robert W. Baird increased their price target on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. KeyCorp increased their price target on AECOM from $120.00 to $129.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Truist Financial cut their price target on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Royal Bank Of Canada increased their price target on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Citigroup increased their price target on AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM has an average rating of "Buy" and a consensus price target of $123.71.

AECOM Price Performance

NYSE:ACM opened at $115.32 on Friday. AECOM has a 52 week low of $84.75 and a 52 week high of $118.56. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $15.26 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 1.83 and a beta of 0.96. The stock's 50-day moving average price is $111.89 and its 200-day moving average price is $103.97.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The firm had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $4.18 billion. During the same period last year, the firm earned $1.04 EPS. The company's quarterly revenue was up 2.6% on a year-over-year basis. As a group, equities analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) is presently 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.

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