AECOM (NYSE:ACM) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its holdings in shares of AECOM (NYSE:ACM - Free Report) by 47.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,847 shares of the construction company's stock after selling 4,390 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in AECOM were worth $449,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Ranch Capital Advisors Inc. increased its stake in AECOM by 2.3% in the fourth quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company's stock valued at $479,000 after purchasing an additional 99 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in AECOM by 17.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock valued at $74,000 after buying an additional 103 shares during the period. Principal Securities Inc. increased its stake 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. Ellevest Inc. increased its stake in shares of AECOM by 2.2% during the 4th quarter. Ellevest Inc. now owns 5,820 shares of the construction company's stock valued at $622,000 after acquiring an additional 124 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of AECOM by 24.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the construction company's stock worth $78,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Stock Up 1.0%

Shares of ACM traded up $1.12 during midday trading on Tuesday, reaching $113.98. 659,955 shares of the company were exchanged, compared to its average volume of 927,852. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The stock has a 50-day moving average price of $107.56 and a 200-day moving average price of $103.14. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.00. The company has a market cap of $15.08 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 1.83 and a beta of 0.96.

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 the consensus estimate of $1.15 by $0.10. AECOM had a net margin of 3.85% and a return on equity of 27.67%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the company earned $1.04 earnings per share. AECOM's revenue for the quarter was up 2.6% on a year-over-year basis. Research analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

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 issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.91%. AECOM's dividend payout ratio is currently 22.66%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ACM. Truist Financial lowered their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. KeyCorp decreased their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Robert W. Baird upped their price objective on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Citigroup increased their target price on AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada lifted their target price on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM currently has a consensus rating of "Buy" and an average target price of $120.86.

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.