Envestnet Asset Management Inc. Increases Position in AECOM (NYSE:ACM)

Envestnet Asset Management Inc. increased its holdings in shares of AECOM (NYSE:ACM - Free Report) by 40.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 152,464 shares of the construction company's stock after purchasing an additional 43,706 shares during the period. Envestnet Asset Management Inc. owned 0.11% of AECOM worth $14,138,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ACM. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of AECOM during the fourth quarter worth $35,000. Private Trust Co. NA raised 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 purchasing an additional 112 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in AECOM in the 4th quarter worth approximately $55,000. MassMutual Private Wealth & Trust FSB grew its position in AECOM by 148.7% during the 1st 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 stake in AECOM during the 4th quarter worth approximately $62,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ACM. Truist Financial decreased their price target on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Citigroup lifted their price objective on AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Royal Bank Of Canada lifted 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 increased their price objective on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Finally, KeyCorp raised their price objective on AECOM from $120.00 to $129.00 and gave the company an "overweight" rating in a report on Wednesday. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $123.71.

AECOM Stock Down 0.6%

AECOM stock traded down $0.65 during mid-day trading on Friday, reaching $113.35. 3,147,121 shares of the company's stock were exchanged, compared to its average volume of 933,944. AECOM has a twelve month low of $84.75 and a twelve month high of $118.56. The company has a market cap of $15.00 billion, a P/E ratio of 24.69, a P/E/G ratio of 1.83 and a beta of 0.96. 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 company has a fifty day moving average of $111.32 and a 200-day moving average of $103.73.

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, topping the consensus estimate of $1.15 by $0.10. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter last year, the company posted $1.04 earnings per share. The business's quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 0.92%. The ex-dividend date was Wednesday, July 2nd. AECOM's 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.