AECOM (NYSE:ACM) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its holdings in AECOM (NYSE:ACM) by 10.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,517 shares of the construction company’s stock after selling 392 shares during the quarter. Janney Montgomery Scott LLC’s holdings in AECOM were worth $298,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Portman Square Capital LLP lifted its holdings in shares of AECOM by 84.2% during the second quarter. Portman Square Capital LLP now owns 3,581 shares of the construction company’s stock worth $303,000 after purchasing an additional 1,637 shares during the period. National Bank of Canada FI lifted its holdings in shares of AECOM by 18.2% during the second quarter. National Bank of Canada FI now owns 14,257 shares of the construction company’s stock worth $1,207,000 after purchasing an additional 2,198 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of AECOM by 2.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 4,742 shares of the construction company’s stock worth $402,000 after purchasing an additional 117 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in shares of AECOM by 140.8% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 8,809 shares of the construction company’s stock worth $746,000 after purchasing an additional 5,151 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of AECOM by 75.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 49,201 shares of the construction company’s stock worth $4,187,000 after purchasing an additional 21,186 shares during the period. Institutional investors and hedge funds own 84.79% of the company’s stock.

AECOM Trading Up 2.2 %

Shares of NYSE:ACM opened at $77.81 on Friday. AECOM has a 12-month low of $72.48 and a 12-month high of $92.16. The company has a market capitalization of $10.79 billion, a PE ratio of 81.05, a PEG ratio of 1.61 and a beta of 1.30. The business has a 50 day moving average of $82.27 and a two-hundred day moving average of $83.48. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.82.

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

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Thursday, October 5th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Wednesday, October 4th. AECOM’s dividend payout ratio (DPR) is presently 75.00%.

Insider Activity

In other news, CEO Troy Rudd sold 78,097 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $88.33, for a total value of $6,898,308.01. Following the completion of the sale, the chief executive officer now directly owns 185,942 shares in the company, valued at $16,424,256.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

ACM has been the subject of a number of research reports. StockNews.com downgraded AECOM from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Citigroup decreased their target price on AECOM from $105.00 to $93.00 and set a “buy” rating for the company in a report on Monday, October 23rd. Finally, Credit Suisse Group decreased their target price on AECOM from $101.00 to $99.00 and set an “outperform” rating for the company in a report on Wednesday, August 9th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.43.

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 commercial and government clients.