Cerity Partners LLC Decreases Stake in AECOM (NYSE:ACM)

Cerity Partners LLC trimmed its holdings in shares of AECOM (NYSE:ACM - Free Report) by 13.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,221 shares of the construction company's stock after selling 3,437 shares during the quarter. Cerity Partners LLC's holdings in AECOM were worth $1,968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of AECOM in the fourth quarter valued at $35,000. Private Trust Co. NA grew its position in 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 in the last quarter. Proficio Capital Partners LLC purchased a new stake in AECOM during the fourth quarter worth about $55,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of AECOM by 148.7% in 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 in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of AECOM in the fourth quarter valued at approximately $62,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACM has been the subject of several recent research reports. 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 research report on Wednesday, May 7th. Robert W. Baird upped their price target on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. KeyCorp increased their price target on AECOM from $120.00 to $129.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Citigroup boosted their price objective on AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Truist Financial reduced their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $123.71.

AECOM Stock Performance

NYSE ACM traded down $0.38 during trading hours on Thursday, hitting $113.04. The company had a trading volume of 547,114 shares, compared to its average volume of 816,685. The business has a 50 day moving average of $111.77 and a 200-day moving average of $103.91. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.15 and a current ratio of 1.15. AECOM has a 1-year low of $84.75 and a 1-year high of $118.56. The company has a market cap of $14.96 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 1.84 and a beta of 0.96.

AECOM (NYSE:ACM - Get Free Report) last announced 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 net margin of 3.85% and a return on equity of 27.67%. The business had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $4.18 billion. During the same period in the previous year, the company posted $1.04 EPS. The company's quarterly revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Wednesday, July 2nd. AECOM's dividend payout ratio is presently 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.