Navellier & Associates Inc. Has $3.49 Million Position in AECOM (NYSE:ACM)

Key Points

• Navellier & Associates Inc. reduced its holdings in AECOM by 7.9%, now owning 34,102 shares worth about $3.49 million as of its latest SEC filing.
• AECOM's shares rose by 2.0% to $115.32, with the company reporting a quarterly EPS of $1.25, exceeding analysts' expectations of $1.15.
• The firm has announced a quarterly dividend of $0.26, translating to an annual yield of 0.90%, with a payout ratio of 22.66%.

Navellier & Associates Inc. lessened its holdings in shares of AECOM (NYSE:ACM - Free Report) by 7.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,102 shares of the construction company's stock after selling 2,932 shares during the quarter. Navellier & Associates Inc.'s holdings in AECOM were worth $3,485,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in AECOM during the fourth quarter worth $35,000. Private Trust Co. NA boosted its stake in AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after buying an additional 112 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in AECOM during the fourth quarter valued at about $62,000. MassMutual Private Wealth & Trust FSB boosted its stake in AECOM by 148.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock valued at $55,000 after buying an additional 354 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in shares of 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 purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Trading Up 2.0%

Shares of ACM stock traded up $2.24 on Friday, reaching $115.32. 663,792 shares of the stock were exchanged, compared to its average volume of 823,522. The stock has a market cap of $15.26 billion, a PE ratio of 25.12, a P/E/G ratio of 1.83 and a beta of 0.96. AECOM has a one year low of $84.75 and a one year high of $118.56. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a 50 day moving average price of $111.77 and a 200 day moving average price of $103.91.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The firm's revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 earnings per share. Equities research analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd were paid a $0.26 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.90%. AECOM's payout ratio is 22.66%.

Analyst Ratings Changes

A number of brokerages have commented on ACM. Royal Bank Of Canada raised their price objective on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird lifted their price target on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. KeyCorp lifted their price target on AECOM from $120.00 to $129.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. 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. Finally, Truist Financial decreased their price target on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $123.71.

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.