Envestnet Asset Management Inc. Has $14.14 Million Stock Position in AECOM (NYSE:ACM)

Envestnet Asset Management Inc. lifted its stake in AECOM (NYSE:ACM) by 40.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 152,464 shares of the construction company’s stock after acquiring an additional 43,706 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.11% of AECOM worth $14,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Prudential Financial Inc. increased its position in shares of AECOM by 16.6% in the fourth quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company’s stock valued at $2,940,000 after acquiring an additional 3,921 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of AECOM in the first quarter valued at about $256,000. Raymond James Financial Inc. acquired a new stake in shares of AECOM in the fourth quarter valued at about $9,705,000. Private Trust Co. NA increased its position in shares of AECOM by 37.2% in the first quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock valued at $38,000 after acquiring an additional 112 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of AECOM by 3.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company’s stock valued at $722,000 after acquiring an additional 286 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Trading Down 0.6%

Shares of NYSE:ACM opened at $113.35 on Friday. AECOM has a 12-month low of $84.75 and a 12-month high of $118.56. The stock has a market cap of $15.00 billion, a PE ratio of 24.69, a P/E/G ratio of 1.84 and a beta of 0.96. The business has a 50 day moving average of $111.32 and a 200-day moving average of $103.76. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.00.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Wednesday, July 2nd. AECOM’s dividend payout ratio (DPR) is currently 22.66%.

Wall Street Analyst Weigh In

ACM has been the subject of a number of research analyst reports. KeyCorp lifted their price target on AECOM from $120.00 to $129.00 and gave the stock an “overweight” rating in a report on Wednesday. Royal Bank Of Canada lifted their price target on AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Robert W. Baird lifted their price target on AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Truist Financial cut their price target on AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Citigroup raised their price target on AECOM from $116.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has a consensus rating of “Buy” and a consensus price target of $123.71.

AECOM 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 public and private clients.