Private Advisor Group LLC Increases Stock Position in AECOM (NYSE:ACM)

Key Points

• Private Advisor Group LLC increased its stake in AECOM by 27.4%, owning a total of 14,659 shares worth approximately $1.36 million as of the latest filing.
• Several institutional investors have also adjusted their positions, with Edgestream Partners L.P. notably raising its stake by 52.9%, bringing its total to 57,724 shares valued at around $5.35 million.
• Wall Street analysts have shown strong support for AECOM, with eight investment firms rating the stock as a "buy" and setting an average price target of $123.71.

Private Advisor Group LLC raised its holdings in AECOM (NYSE:ACM - Free Report) by 27.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 14,659 shares of the construction company's stock after acquiring an additional 3,154 shares during the quarter. Private Advisor Group LLC's holdings in AECOM were worth $1,359,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACM. Marshall & Sterling Wealth Advisors Inc. bought a new stake in AECOM during the fourth quarter valued at $35,000. Private Trust Co. NA increased its stake 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 acquiring an additional 112 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of AECOM during the 4th quarter valued at $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 worth $55,000 after acquiring an additional 354 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in AECOM by 17.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock worth $74,000 after buying an additional 103 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Stock Performance

NYSE ACM traded down $1.50 during trading on Monday, hitting $113.86. 544,490 shares of the company's stock traded hands, compared to its average volume of 1,003,819. The stock has a market capitalization of $15.06 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 1.87 and a beta of 0.96. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.15 and a current ratio of 1.15. The business has a 50 day moving average of $111.89 and a 200-day moving average of $103.93. AECOM has a 12-month low of $84.75 and a 12-month high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $4.18 billion. AECOM had a net margin of 3.85% and a return on equity of 27.67%. AECOM's revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 EPS. As a group, equities research analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) is presently 22.66%.

Analysts Set New Price Targets

ACM has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Citigroup reaffirmed a "buy" rating and set a $137.00 price objective (up from $122.00) on shares of AECOM in a report on Monday. Truist Financial decreased their price objective on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. KeyCorp lifted their price target on AECOM from $120.00 to $129.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Robert W. Baird upped 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $125.86.

AECOM 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.