Mutual Advisors LLC Has $440,000 Stock Holdings in AECOM (NYSE:ACM)

Mutual Advisors LLC cut its stake in AECOM (NYSE:ACM) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,759 shares of the construction company’s stock after selling 113 shares during the quarter. Mutual Advisors LLC’s holdings in AECOM were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Somerset Trust Co boosted its holdings in AECOM by 3.5% in the third quarter. Somerset Trust Co now owns 3,783 shares of the construction company’s stock worth $314,000 after purchasing an additional 127 shares in the last quarter. Fifth Third Bancorp boosted its holdings in AECOM by 9.7% during the third quarter. Fifth Third Bancorp now owns 1,683 shares of the construction company’s stock valued at $140,000 after acquiring an additional 149 shares during the period. CIBC Asset Management Inc boosted its holdings in AECOM by 4.0% during the third quarter. CIBC Asset Management Inc now owns 3,897 shares of the construction company’s stock valued at $324,000 after acquiring an additional 151 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in AECOM by 4.9% during the first quarter. Moneta Group Investment Advisors LLC now owns 3,266 shares of the construction company’s stock valued at $275,000 after acquiring an additional 154 shares during the period. Finally, US Bancorp DE boosted its holdings in AECOM by 3.5% during the second quarter. US Bancorp DE now owns 5,124 shares of the construction company’s stock valued at $434,000 after acquiring an additional 175 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Stock Performance

NYSE:ACM opened at $98.05 on Friday. AECOM has a 1 year low of $74.40 and a 1 year high of $98.72. The firm has a 50 day moving average of $90.66 and a 200-day moving average of $87.24. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $13.34 billion, a P/E ratio of 217.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23.

AECOM (NYSE:ACM) last posted its earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. The company had revenue of $3.90 billion during the quarter. AECOM had a net margin of 0.42% and a return on equity of 21.45%. During the same quarter last year, the firm posted $0.86 EPS. As a group, sell-side analysts anticipate that AECOM will post 4.45 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Tuesday, April 23rd. AECOM’s dividend payout ratio is presently 195.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ACM shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $109.00 price objective on shares of AECOM in a research report on Wednesday, February 7th. Truist Financial started coverage on shares of AECOM in a research report on Thursday, March 14th. They set a “buy” rating and a $106.00 price objective for the company. KeyCorp initiated coverage on shares of AECOM in a research report on Wednesday, January 10th. They set an “overweight” rating and a $104.00 price objective for the company. Barclays increased their price target on shares of AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, TheStreet raised shares of AECOM from a “c+” rating to a “b” rating in a research report on Monday, February 5th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $102.00.

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.