Pathstone Family Office LLC Reduces Stock Holdings in AECOM (NYSE:ACM)

Pathstone Family Office LLC reduced its stake in shares of AECOM (NYSE:ACM – Get Rating) by 11.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,974 shares of the construction company’s stock after selling 1,247 shares during the quarter. Pathstone Family Office LLC’s holdings in AECOM were worth $681,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ACM. HighTower Advisors LLC raised its holdings in shares of AECOM by 31.9% during the 1st quarter. HighTower Advisors LLC now owns 5,704 shares of the construction company’s stock valued at $436,000 after buying an additional 1,378 shares during the period. Bank of Montreal Can increased its holdings in AECOM by 3.5% during the 1st quarter. Bank of Montreal Can now owns 34,177 shares of the construction company’s stock worth $2,676,000 after purchasing an additional 1,162 shares during the last quarter. Aviva PLC increased its holdings in AECOM by 26.6% during the 1st quarter. Aviva PLC now owns 22,872 shares of the construction company’s stock worth $1,757,000 after purchasing an additional 4,799 shares during the last quarter. Cetera Investment Advisers increased its holdings in AECOM by 3.0% during the 1st quarter. Cetera Investment Advisers now owns 9,119 shares of the construction company’s stock worth $700,000 after purchasing an additional 264 shares during the last quarter. Finally, Covestor Ltd increased its holdings in AECOM by 1,261.6% during the 1st quarter. Covestor Ltd now owns 1,525 shares of the construction company’s stock worth $117,000 after purchasing an additional 1,413 shares during the last quarter. 84.26% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Trading Down 0.6 %

NYSE:ACM opened at $83.72 on Tuesday. AECOM has a 12-month low of $60.74 and a 12-month high of $92.16. The firm has a market capitalization of $11.63 billion, a P/E ratio of 35.03, a P/E/G ratio of 2.08 and a beta of 1.30. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50 day simple moving average of $87.21 and a 200 day simple moving average of $80.49.

AECOM (NYSE:ACM – Get Rating) last released its quarterly earnings data on Tuesday, February 7th. The construction company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. AECOM had a return on equity of 18.50% and a net margin of 2.54%. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts predict that AECOM will post 3.67 EPS for the current year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 21st. Investors of record on Wednesday, April 5th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, April 4th. This represents a $0.72 dividend on an annualized basis and a yield of 0.86%. AECOM’s dividend payout ratio is currently 30.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup lifted their price objective on AECOM from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. KeyCorp lifted their price objective on AECOM from $91.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, January 17th. Credit Suisse Group upgraded AECOM from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $95.00 to $98.00 in a report on Thursday, January 12th. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Wednesday, March 8th. Finally, Barclays lifted their target price on AECOM from $90.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, January 13th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $99.43.

Insider Activity at AECOM

In other AECOM news, President Lara Poloni sold 6,498 shares of AECOM stock in a transaction on Monday, January 9th. The stock was sold at an average price of $83.10, for a total transaction of $539,983.80. Following the sale, the president now owns 73,351 shares of the company’s stock, valued at approximately $6,095,468.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other AECOM news, insider Todd Battley sold 2,800 shares of AECOM stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $83.96, for a total transaction of $235,088.00. Following the sale, the insider now owns 16,295 shares of the company’s stock, valued at approximately $1,368,128.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Lara Poloni sold 6,498 shares of AECOM stock in a transaction on Monday, January 9th. The shares were sold at an average price of $83.10, for a total value of $539,983.80. Following the sale, the president now directly owns 73,351 shares in the company, valued at approximately $6,095,468.10. The disclosure for this sale can be found here. Insiders sold 148,606 shares of company stock worth $12,269,375 in the last 90 days. 0.40% of the stock is currently owned by company insiders.

AECOM Company Profile

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AECOM engages in the design, manufacture, financing, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Americas, International, and AECOM Capital. The Americas segment deals with planning, consulting, architectural and engineering design and construction management services to commercial and government clients in the United States, Canada and Latin America in major end markets such as transportation, water, government, facilities, environmental and energy.