Ellevest Inc. Decreases Stock Holdings in AECOM $ACM

Ellevest Inc. lowered its stake in shares of AECOM (NYSE:ACM) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,448 shares of the construction company’s stock after selling 422 shares during the period. Ellevest Inc.’s holdings in AECOM were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of ACM. Private Trust Co. NA increased its stake in 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 in the last quarter. OneDigital Investment Advisors LLC purchased a new stake in shares of AECOM in the 1st quarter worth about $256,000. Envestnet Asset Management Inc. boosted its position in shares of AECOM by 40.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 152,464 shares of the construction company’s stock worth $14,138,000 after buying an additional 43,706 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of AECOM by 32.7% in the 1st quarter. Brown Advisory Inc. now owns 3,956 shares of the construction company’s stock worth $367,000 after buying an additional 975 shares in the last quarter. Finally, Banque Pictet & Cie SA purchased a new stake in shares of AECOM in the 1st quarter worth about $328,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $119.56, for a total transaction of $6,348,277.32. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by corporate insiders.

AECOM Trading Up 1.1%

Shares of AECOM stock opened at $132.29 on Thursday. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $135.00. The firm has a market cap of $17.52 billion, a PE ratio of 28.82, a P/E/G ratio of 1.96 and a beta of 1.06. The business’s fifty day moving average is $129.84 and its two-hundred day moving average is $117.80. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.25 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS. Analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. AECOM’s dividend payout ratio (DPR) is currently 22.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of AECOM in a research report on Wednesday, October 8th. Barclays raised their price objective on shares of AECOM from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. UBS Group raised their price objective on shares of AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. National Bank Financial assumed coverage on AECOM in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $151.00 price objective on the stock. Finally, Bank of America upped their price objective on AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $137.30.

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.