Sierra Capital LLC Raises Stock Position in AECOM (NYSE:ACM)

Sierra Capital LLC raised its stake in shares of AECOM (NYSE:ACM) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,509 shares of the construction company’s stock after purchasing an additional 178 shares during the period. Sierra Capital LLC’s holdings in AECOM were worth $569,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. EntryPoint Capital LLC acquired a new position in AECOM in the 1st quarter valued at $25,000. Family Firm Inc. acquired a new stake in shares of AECOM in the second quarter valued at about $31,000. UMB Bank n.a. lifted its stake in shares of AECOM by 196.2% in the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after buying an additional 257 shares in the last quarter. Versant Capital Management Inc boosted its position in AECOM by 4,375.0% during the second quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock worth $47,000 after acquiring an additional 525 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in AECOM during the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Down 1.0 %

Shares of AECOM stock traded down $1.12 on Tuesday, reaching $106.37. 165,480 shares of the company were exchanged, compared to its average volume of 789,358. The stock’s 50 day moving average price is $100.47 and its 200-day moving average price is $93.73. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13. AECOM has a 1-year low of $74.40 and a 1-year high of $108.26. The company has a market cap of $14.48 billion, a P/E ratio of -1,194.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17.

AECOM (NYSE:ACM) last issued its earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $1.85 billion. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 earnings per share. As a group, equities analysts forecast that AECOM will post 4.46 EPS for the current year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, October 2nd were given a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 0.83%. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

Analyst Ratings Changes

Several analysts have issued reports on ACM shares. Citigroup dropped their target price on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Robert W. Baird lifted their target price on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Truist Financial boosted their target price on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a report on Friday, October 4th. KeyCorp raised their price target on shares of AECOM from $99.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Finally, Barclays upped their price objective on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $108.86.

AECOM Company 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.