CreativeOne Wealth LLC Buys 114 Shares of AECOM (NYSE:ACM)

CreativeOne Wealth LLC grew its stake in shares of AECOM (NYSE:ACM) by 3.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,423 shares of the construction company’s stock after acquiring an additional 114 shares during the period. CreativeOne Wealth LLC’s holdings in AECOM were worth $336,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its holdings in AECOM by 1,082.9% during the first quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company’s stock valued at $3,411,000 after purchasing an additional 31,838 shares during the last quarter. Norges Bank purchased a new stake in shares of AECOM during the 4th quarter valued at approximately $159,060,000. Oak Thistle LLC bought a new position in AECOM in the 4th quarter worth approximately $1,789,000. International Assets Investment Management LLC purchased a new position in AECOM in the 4th quarter valued at approximately $1,640,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in AECOM by 102.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 232,223 shares of the construction company’s stock valued at $22,777,000 after acquiring an additional 117,646 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Trading Up 1.4 %

NYSE:ACM traded up $1.28 during midday trading on Friday, reaching $90.23. 713,945 shares of the stock traded hands, compared to its average volume of 789,646. The stock has a market capitalization of $12.28 billion, a P/E ratio of -1,002.44, a PEG ratio of 1.26 and a beta of 1.17. AECOM has a 12 month low of $74.40 and a 12 month high of $98.72. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06. The company has a fifty day moving average of $87.59 and a 200 day moving average of $90.37.

AECOM (NYSE:ACM) last released its quarterly earnings data 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). AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the business posted $0.92 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, research analysts predict that AECOM will post 4.47 EPS for the current year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, July 3rd. AECOM’s dividend payout ratio is currently -977.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ACM. Truist Financial lowered their price target on shares of AECOM from $113.00 to $107.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Citigroup lowered their target price on shares of AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. KeyCorp cut their price target on shares of AECOM from $105.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. UBS Group upped their price target on shares of AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, Robert W. Baird reduced their target price on AECOM from $110.00 to $96.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $101.88.

Insider Activity

In other news, Director Douglas Stotlar sold 7,179 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $93.51, for a total value of $671,308.29. Following the sale, the director now directly owns 34,667 shares of the company’s stock, valued at approximately $3,241,711.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.42% 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 public and private clients.