Cetera Investment Advisers grew its stake in shares of AECOM (NYSE:ACM - Free Report) by 38.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,549 shares of the construction company's stock after purchasing an additional 6,032 shares during the period. Cetera Investment Advisers' holdings in AECOM were worth $2,302,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in ACM. Principal Securities Inc. increased its position in shares of AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after acquiring an additional 116 shares in the last quarter. Allworth Financial LP increased its position in shares of AECOM by 390.6% during the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company's stock worth $29,000 after acquiring an additional 207 shares in the last quarter. National Pension Service bought a new stake in shares of AECOM during the fourth quarter worth about $32,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of AECOM during the fourth quarter worth about $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of AECOM during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 85.41% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Barclays boosted their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. 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 research report on Tuesday, May 6th. KeyCorp decreased their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Truist Financial decreased their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada upped their price objective 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. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $119.00.
View Our Latest Stock Report on AECOM
AECOM Trading Up 1.1%
Shares of ACM stock opened at $109.48 on Monday. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50-day simple moving average of $96.63 and a two-hundred day simple moving average of $103.51. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.63 and a beta of 0.96.
AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the firm earned $1.04 EPS. The company's revenue was up 2.6% compared to the same quarter last year. Research analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.
AECOM Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 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 0.95%. The ex-dividend date was Wednesday, April 2nd. AECOM's dividend payout ratio is currently 22.66%.
About AECOM
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding ACM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AECOM (NYSE:ACM - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider AECOM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AECOM wasn't on the list.
While AECOM currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
