Cwm LLC Sells 357 Shares of AECOM (NYSE:ACM)

Cwm LLC cut its holdings in shares of AECOM (NYSE:ACM) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,657 shares of the construction company’s stock after selling 357 shares during the quarter. Cwm LLC’s holdings in AECOM were worth $246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oak Thistle LLC bought a new stake in shares of AECOM in the fourth quarter worth about $1,789,000. Raymond James & Associates increased its holdings in shares of AECOM by 5.4% in the fourth quarter. Raymond James & Associates now owns 33,923 shares of the construction company’s stock worth $3,136,000 after purchasing an additional 1,740 shares during the last quarter. iA Global Asset Management Inc. increased its holdings in shares of AECOM by 33.3% in the third quarter. iA Global Asset Management Inc. now owns 180,575 shares of the construction company’s stock worth $14,995,000 after purchasing an additional 45,098 shares during the last quarter. Comerica Bank bought a new stake in shares of AECOM in the third quarter worth about $5,454,000. Finally, Pallas Capital Advisors LLC bought a new stake in shares of AECOM in the fourth quarter worth about $340,000. 85.41% of the stock is owned by institutional investors.

AECOM Stock Up 0.5 %

ACM stock opened at $94.72 on Friday. The firm has a 50 day moving average of $93.69 and a 200 day moving average of $89.43. The stock has a market capitalization of $12.88 billion, a PE ratio of 210.49, a price-to-earnings-growth ratio of 1.39 and a beta of 1.23. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. AECOM has a 52 week low of $74.40 and a 52 week high of $98.72.

AECOM (NYSE:ACM) last released its earnings results on Tuesday, February 6th. The construction company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The company had revenue of $3.90 billion during the quarter. AECOM had a net margin of 0.42% and a return on equity of 21.45%. During the same quarter last year, the business earned $0.86 earnings per share. Sell-side analysts forecast that AECOM will post 4.43 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s payout ratio is 195.56%.

Analyst Ratings Changes

ACM has been the subject of several recent research reports. KeyCorp lifted their price target on AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $109.00 price target on shares of AECOM in a research report on Wednesday, February 7th. Truist Financial began coverage on AECOM in a research report on Thursday, March 14th. They issued a “buy” rating and a $106.00 price target for the company. Barclays boosted their target price on AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Citigroup boosted their price target on AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $105.43.

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.