Kestra Private Wealth Services LLC Purchases Shares of 3,338 AECOM (NYSE:ACM)

Kestra Private Wealth Services LLC acquired a new position in shares of AECOM (NYSE:ACM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,338 shares of the construction company’s stock, valued at approximately $309,000.

A number of other institutional investors also recently modified their holdings of ACM. Impax Asset Management Group plc increased its holdings in AECOM by 6.9% during the 3rd quarter. Impax Asset Management Group plc now owns 1,628,534 shares of the construction company’s stock valued at $135,233,000 after purchasing an additional 105,454 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of AECOM by 1.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 951,097 shares of the construction company’s stock valued at $78,979,000 after buying an additional 16,182 shares during the last quarter. Robeco Schweiz AG lifted its position in AECOM by 0.7% during the 3rd quarter. Robeco Schweiz AG now owns 871,218 shares of the construction company’s stock worth $72,346,000 after buying an additional 6,065 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in AECOM by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 863,732 shares of the construction company’s stock worth $71,724,000 after acquiring an additional 2,421 shares during the last quarter. Finally, UBS Group AG grew its holdings in AECOM by 13.8% during the 3rd quarter. UBS Group AG now owns 833,707 shares of the construction company’s stock worth $69,231,000 after acquiring an additional 100,875 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

Shares of NYSE:ACM opened at $92.27 on Thursday. The firm’s 50 day simple moving average is $93.96 and its 200 day simple moving average is $89.79. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $98.72. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 205.05, a P/E/G ratio of 1.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05.

AECOM (NYSE:ACM) last posted its earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.01). The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. AECOM had a return on equity of 21.45% and a net margin of 0.42%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share. As a group, sell-side analysts forecast that AECOM will post 4.43 earnings per share for the current year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Tuesday, April 23rd. AECOM’s dividend payout ratio (DPR) is presently 195.56%.

Wall Street Analyst Weigh In

ACM has been the topic of a number of research reports. Truist Financial reiterated a “buy” rating and set a $113.00 target price (up from $106.00) on shares of AECOM in a research report on Wednesday. Barclays increased their price objective on AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. KeyCorp boosted their target price on AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Robert W. Baird upped their price target on AECOM from $104.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $109.00 price objective on shares of AECOM in a research report on Wednesday, February 7th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has a consensus rating of “Buy” and an average target price of $107.43.

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 public and private clients.