Pacer Advisors Inc. Has $353,000 Position in AECOM (NYSE:ACM)

Key Points

• Pacer Advisors Inc. reduced its stake in AECOM by 80.6%, selling 15,859 shares, leaving them with 3,810 shares valued at $353,000.
• Several hedge funds have increased their positions in AECOM, with Cetera Investment Advisers raising their holdings by 100.0%, now owning 43,091 shares worth $3,996,000.
• AECOM has a consensus buy rating from analysts, with an average target price of $125.86, and several firms have recently raised their price targets for the stock.

Pacer Advisors Inc. lowered its stake in AECOM (NYSE:ACM - Free Report) by 80.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,810 shares of the construction company's stock after selling 15,859 shares during the quarter. Pacer Advisors Inc.'s holdings in AECOM were worth $353,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. OneDigital Investment Advisors LLC purchased a new position in shares of AECOM in the 1st quarter worth about $256,000. Private Trust Co. NA raised its holdings in AECOM by 37.2% in 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 during the period. Cambridge Investment Research Advisors Inc. raised its holdings in AECOM by 3.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company's stock valued at $722,000 after buying an additional 286 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in AECOM by 170.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company's stock valued at $2,461,000 after buying an additional 16,718 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of AECOM by 5.0% in the 4th quarter. Wellington Management Group LLP now owns 12,602 shares of the construction company's stock valued at $1,346,000 after acquiring an additional 603 shares during the period. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on ACM shares. Truist Financial cut their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird raised their target price on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Royal Bank Of Canada lifted their price objective on shares of AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Citigroup reiterated a "buy" rating and set a $137.00 price objective (up previously from $122.00) on shares of AECOM in a research note on Monday, July 28th. Finally, KeyCorp lifted their price target on shares of AECOM from $120.00 to $129.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $125.86.

AECOM Trading Up 0.8%

Shares of NYSE:ACM traded up $0.93 during midday trading on Monday, reaching $112.01. The company had a trading volume of 1,015,850 shares, compared to its average volume of 864,848. AECOM has a 1-year low of $84.75 and a 1-year high of $118.56. The company has a fifty day simple moving average of $112.44 and a two-hundred day simple moving average of $104.10. The firm has a market cap of $14.82 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 1.80 and a beta of 0.99. 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 (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.25 by $0.09. AECOM had a net margin of 3.85% and a return on equity of 27.67%. During the same period in the previous year, the business earned $1.16 earnings per share. The business's quarterly revenue was up 6.2% on a year-over-year basis. Research analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) 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.