Kestra Investment Management LLC Purchases 7,179 Shares of AECOM $ACM

Kestra Investment Management LLC increased its holdings in AECOM (NYSE:ACM) by 31.8% during the 3rd quarter, Holdings Channel reports. The firm owned 29,765 shares of the construction company’s stock after buying an additional 7,179 shares during the period. Kestra Investment Management LLC’s holdings in AECOM were worth $1,755,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Western Wealth Management LLC bought a new position in AECOM during the 1st quarter valued at approximately $36,000. Compass Financial Management LLC purchased a new stake in AECOM in the 2nd quarter worth approximately $36,000. Signaturefd LLC lifted its holdings in AECOM by 321.0% in the 3rd quarter. Signaturefd LLC now owns 703 shares of the construction company’s stock worth $41,000 after buying an additional 536 shares during the period. Vega Investment Solutions bought a new stake in shares of AECOM in the 2nd quarter worth approximately $56,000. Finally, Bfsg LLC grew its position in shares of AECOM by 34.9% in the 3rd quarter. Bfsg LLC now owns 920 shares of the construction company’s stock worth $54,000 after buying an additional 238 shares during the last quarter. 85.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on ACM. Royal Bank Of Canada reduced their target price on AECOM from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. KeyCorp dropped their price target on AECOM from $79.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. UBS Group dropped their price target on AECOM from $106.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Truist Financial cut their price target on shares of AECOM from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Finally, Piper Sandler set a $79.00 price objective on shares of AECOM in a research report on Wednesday, August 12th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.73.

AECOM Trading Up 0.7%

ACM opened at $70.68 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. AECOM has a 52 week low of $56.39 and a 52 week high of $135.52. The stock has a market cap of $9.10 billion, a PE ratio of 32.42, a PEG ratio of 1.27 and a beta of 0.90. The business has a 50 day moving average of $62.36 and a 200-day moving average of $75.24.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, August 10th. The construction company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of $1.46 by ($1.96). The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $2.01 billion. AECOM had a return on equity of 19.72% and a net margin of 1.87%. AECOM’s revenue for the quarter was down 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 earnings per share. Equities research analysts predict that AECOM will post 3.98 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $1.24 annualized dividend and a yield of 1.8%. AECOM’s dividend payout ratio (DPR) is currently 56.88%.

AECOM Profile

AECOM is an infrastructure consulting firm that provides planning, design, engineering, architecture, program management, and environmental services. It works with public- and private-sector clients on projects involving transportation, water, buildings, energy, and other infrastructure. The company supports projects across their life cycles, from early planning and design through construction management and operations. Its services include environmental assessment and remediation, engineering and technical consulting, and management of large-scale infrastructure programs.