Sierra Summit Advisors LLC Takes $5.81 Million Position in AECOM (NYSE:ACM)

Sierra Summit Advisors LLC bought a new position in shares of AECOM (NYSE:ACM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 65,889 shares of the construction company’s stock, valued at approximately $5,807,000. AECOM accounts for approximately 1.4% of Sierra Summit Advisors LLC’s holdings, making the stock its 29th biggest position.

Several other institutional investors have also bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of AECOM by 15.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,186 shares of the construction company’s stock valued at $5,456,000 after acquiring an additional 8,046 shares during the period. Great Lakes Advisors LLC boosted its position in AECOM by 16.3% in the fourth quarter. Great Lakes Advisors LLC now owns 11,151 shares of the construction company’s stock valued at $1,031,000 after buying an additional 1,563 shares in the last quarter. Norges Bank acquired a new position in AECOM in the fourth quarter valued at about $159,060,000. Dynamic Technology Lab Private Ltd bought a new stake in AECOM during the fourth quarter worth about $1,907,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of AECOM by 10.1% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 18,924 shares of the construction company’s stock worth $1,749,000 after buying an additional 1,734 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Performance

Shares of NYSE:ACM opened at $97.82 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. AECOM has a 1-year low of $74.40 and a 1-year high of $102.26. The stock has a market capitalization of $13.32 billion, a P/E ratio of -1,086.89, a P/E/G ratio of 1.60 and a beta of 1.17. The business has a 50-day moving average price of $93.14 and a two-hundred day moving average price of $91.96.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the business posted $0.94 earnings per share. AECOM’s revenue was up 13.3% compared to the same quarter last year. Equities analysts predict that AECOM will post 4.46 earnings per share for the current year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, October 2nd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 0.90%. AECOM’s dividend payout ratio is presently -977.78%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays increased their price target on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Citigroup lowered their target price on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. KeyCorp upped their price target on shares of AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Royal Bank of Canada raised their price objective on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Robert W. Baird upped their target price on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM presently has a consensus rating of “Buy” and an average target price of $105.00.

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.