Commonwealth Equity Services LLC Sells 961 Shares of AECOM (NYSE:ACM)

Commonwealth Equity Services LLC cut its position in AECOM (NYSE:ACM) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,945 shares of the construction company’s stock after selling 961 shares during the quarter. Commonwealth Equity Services LLC’s holdings in AECOM were worth $3,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC raised its holdings in shares of AECOM by 31.9% in the 1st quarter. HighTower Advisors LLC now owns 5,704 shares of the construction company’s stock valued at $436,000 after acquiring an additional 1,378 shares in the last quarter. Bank of Montreal Can raised its stake in AECOM by 3.5% in the first quarter. Bank of Montreal Can now owns 34,177 shares of the construction company’s stock valued at $2,676,000 after purchasing an additional 1,162 shares in the last quarter. Aviva PLC lifted its position in AECOM by 26.6% during the first quarter. Aviva PLC now owns 22,872 shares of the construction company’s stock valued at $1,757,000 after purchasing an additional 4,799 shares during the last quarter. Cetera Investment Advisers grew its stake in AECOM by 3.0% in the 1st quarter. Cetera Investment Advisers now owns 9,119 shares of the construction company’s stock worth $700,000 after buying an additional 264 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of AECOM by 1,261.6% in the 1st quarter. Covestor Ltd now owns 1,525 shares of the construction company’s stock worth $117,000 after buying an additional 1,413 shares during the last quarter. 84.79% of the stock is owned by institutional investors.

AECOM Trading Up 0.9 %

Shares of ACM stock opened at $88.57 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.10 and a quick ratio of 1.10. The business has a 50-day moving average of $87.03 and a 200 day moving average of $84.48. The stock has a market capitalization of $12.29 billion, a PE ratio of 92.26, a P/E/G ratio of 2.16 and a beta of 1.30. AECOM has a 1-year low of $66.47 and a 1-year high of $92.16.

AECOM (NYSE:ACM) last issued its earnings results on Tuesday, August 8th. The construction company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). AECOM had a return on equity of 19.02% and a net margin of 0.97%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business posted $0.83 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, sell-side analysts anticipate that AECOM will post 3.71 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Thursday, July 6th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Wednesday, July 5th. AECOM’s dividend payout ratio (DPR) is 75.00%.

Wall Street Analysts Forecast Growth

ACM has been the topic of a number of research reports. Credit Suisse Group lowered their price target on AECOM from $101.00 to $99.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 9th. Robert W. Baird decreased their price objective on AECOM from $103.00 to $100.00 in a report on Tuesday, May 9th. Finally, StockNews.com initiated coverage on AECOM in a research note on Wednesday, August 23rd. They issued a “hold” rating for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $99.14.

Insider Transactions at AECOM

In related news, CEO Troy Rudd sold 78,097 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $88.33, for a total transaction of $6,898,308.01. Following the transaction, the chief executive officer now owns 185,942 shares in the company, valued at approximately $16,424,256.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by company insiders.

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 commercial and government clients.