Atria Wealth Solutions Inc. Raises Stock Holdings in AECOM (NYSE:ACM)

Atria Wealth Solutions Inc. raised its position in shares of AECOM (NYSE:ACM) by 56.3% during the 1st quarter, Holdings Channel reports. The fund owned 3,177 shares of the construction company’s stock after purchasing an additional 1,145 shares during the period. Atria Wealth Solutions Inc.’s holdings in AECOM were worth $295,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. TCTC Holdings LLC raised its holdings in shares of AECOM by 120.3% during the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock worth $28,000 after acquiring an additional 166 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of AECOM during the 4th quarter worth approximately $35,000. Private Trust Co. NA raised its holdings in shares of AECOM by 37.2% during the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock worth $38,000 after acquiring an additional 112 shares in the last quarter. Eastern Bank purchased a new stake in shares of AECOM during the 1st quarter worth approximately $49,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of AECOM by 148.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company’s stock worth $55,000 after acquiring an additional 354 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Royal Bank Of Canada upped their price objective on AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. KeyCorp boosted their target price on AECOM from $129.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Citigroup reissued a “buy” rating and set a $137.00 target price (up previously from $122.00) on shares of AECOM in a research report on Monday, July 28th. UBS Group boosted their target price on AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Barclays boosted their target price on AECOM from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $128.44.

AECOM Stock Down 0.6%

NYSE:ACM opened at $119.39 on Friday. AECOM has a twelve month low of $85.00 and a twelve month high of $122.04. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. The stock has a fifty day simple moving average of $114.19 and a 200-day simple moving average of $104.85. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

AECOM (NYSE:ACM) last released its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the company earned $1.16 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, July 2nd. AECOM’s dividend payout ratio (DPR) is 22.66%.

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.