Envestnet Asset Management Inc. Acquires 43,706 Shares of AECOM (NYSE:ACM)

Envestnet Asset Management Inc. boosted its holdings in shares of AECOM (NYSE:ACM) by 40.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,464 shares of the construction company’s stock after purchasing an additional 43,706 shares during the period. Envestnet Asset Management Inc.’s holdings in AECOM were worth $14,138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACM. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of AECOM during the fourth quarter worth $35,000. Private Trust Co. NA increased its holdings in shares of AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock worth $38,000 after buying an additional 112 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of AECOM during the fourth quarter worth $55,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of AECOM by 148.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company’s stock worth $55,000 after buying an additional 354 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of AECOM during the fourth quarter worth $62,000. 85.41% of the stock is currently owned by institutional investors.

AECOM Stock Performance

NYSE ACM opened at $113.35 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $15.00 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 1.84 and a beta of 0.96. The stock has a fifty day simple moving average of $111.32 and a 200 day simple moving average of $103.76. AECOM has a twelve month low of $84.75 and a twelve month high of $118.56.

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

AECOM Announces Dividend

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

Wall Street Analyst Weigh In

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