Cwm LLC Sells 2,234 Shares of AECOM (NYSE:ACM)

CWM LLC lessened its position in AECOM (NYSE:ACM - Free Report) by 22.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,717 shares of the construction company's stock after selling 2,234 shares during the period. CWM LLC's holdings in AECOM were worth $716,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ACM. Marshall & Sterling Wealth Advisors Inc. bought a new stake in AECOM during the fourth quarter worth about $35,000. Private Trust Co. NA lifted its holdings 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 last quarter. Proficio Capital Partners LLC purchased a new stake in shares of AECOM in the fourth quarter valued at approximately $55,000. MassMutual Private Wealth & Trust FSB grew its holdings in AECOM by 148.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock worth $55,000 after purchasing an additional 354 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of AECOM during the 4th quarter valued at about $62,000. Institutional investors own 85.41% of the company's stock.

Analysts Set New Price Targets

ACM has been the subject of a number of research reports. Royal Bank Of Canada lifted their target price on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Citigroup raised their price objective on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Robert W. Baird lifted their target price on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. KeyCorp boosted their target price on shares of AECOM from $120.00 to $129.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, Truist Financial lowered their price target on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $123.71.

AECOM Trading Up 2.0%

ACM traded up $2.24 during trading hours on Friday, reaching $115.32. The company's stock had a trading volume of 663,792 shares, compared to its average volume of 1,007,100. 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 business's 50-day moving average is $111.77 and its 200-day moving average is $103.91. AECOM has a fifty-two week low of $84.75 and a fifty-two week high of $118.56. The stock has a market cap of $15.26 billion, a PE ratio of 25.12, a P/E/G ratio of 1.84 and a beta of 0.96.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.10. The company 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 27.67% and a net margin of 3.85%. AECOM's revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 EPS. As a group, equities research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's dividend payout ratio is 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.