Magnus Financial Group LLC Sells 2,334 Shares of AECOM (NYSE:ACM)

Magnus Financial Group LLC lessened its position in AECOM (NYSE:ACM - Free Report) by 48.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,526 shares of the construction company's stock after selling 2,334 shares during the period. Magnus Financial Group LLC's holdings in AECOM were worth $234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ACM. Principal Securities Inc. boosted its holdings in shares of AECOM by 95.9% during 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. Allworth Financial LP increased its position in shares of AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after purchasing an additional 207 shares during the last quarter. National Pension Service purchased a new stake in shares of AECOM during the 4th quarter valued at about $32,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of AECOM in the 4th quarter worth approximately $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of AECOM in the fourth quarter worth approximately $51,000. Institutional investors own 85.41% of the company's stock.

AECOM Trading Up 0.7%

Shares of NYSE:ACM traded up $0.83 during trading on Wednesday, reaching $111.86. The company's stock had a trading volume of 406,639 shares, compared to its average volume of 906,936. The stock has a market capitalization of $14.80 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm's 50 day simple moving average is $101.66 and its two-hundred day simple moving average is $103.42.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. The business 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 26.84% and a net margin of 2.93%. The company's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 earnings per share. On average, research analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.93%. The ex-dividend date is Wednesday, July 2nd. AECOM's payout ratio is 22.66%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Truist Financial decreased their target price on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Citigroup lifted their target price on 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 upped their price target on 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 boosted their target price on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, KeyCorp cut their price objective on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has a consensus rating of "Buy" and an average price target of $120.86.

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.