Advisors Asset Management Inc. Purchases 3,085 Shares of AECOM (NYSE:ACM)

Advisors Asset Management Inc. boosted its position in AECOM (NYSE:ACM) by 10.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 33,023 shares of the construction company’s stock after purchasing an additional 3,085 shares during the period. Advisors Asset Management Inc.’s holdings in AECOM were worth $3,239,000 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. EntryPoint Capital LLC purchased a new stake in AECOM in the first quarter worth $25,000. Ables Iannone Moore & Associates Inc. bought a new stake in AECOM in the 4th quarter valued at about $28,000. Creekmur Asset Management LLC purchased a new stake in AECOM during the fourth quarter valued at about $28,000. Rise Advisors LLC bought a new position in AECOM during the first quarter worth about $31,000. Finally, GAMMA Investing LLC bought a new position in AECOM during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Insider Activity at AECOM

In other AECOM news, Director Douglas Stotlar sold 7,179 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $93.51, for a total value of $671,308.29. Following the completion of the sale, the director now owns 34,667 shares in the company, valued at $3,241,711.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ACM shares. Truist Financial dropped their price target on shares of AECOM from $113.00 to $107.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Robert W. Baird cut their price target on AECOM from $110.00 to $96.00 and set an “outperform” rating for the company in a report on Monday, July 8th. UBS Group boosted their price objective on AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. KeyCorp cut their target price on AECOM from $105.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Finally, Citigroup lowered their price target on shares of AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Monday. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $101.88.

AECOM Price Performance

ACM traded up $1.28 during midday trading on Friday, hitting $90.23. The stock had a trading volume of 713,945 shares, compared to its average volume of 770,639. The business has a fifty day moving average of $87.58 and a 200 day moving average of $90.36. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.88. AECOM has a 1 year low of $74.40 and a 1 year high of $98.72.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Monday, May 6th. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $1.80 billion. AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. AECOM’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the company posted $0.92 EPS. Equities research analysts forecast that AECOM will post 4.47 EPS for the current year.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, July 3rd. AECOM’s dividend payout ratio (DPR) is presently -977.67%.

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.