Avitas Wealth Management LLC Has $1.94 Million Stake in AECOM (NYSE:ACM)

Avitas Wealth Management LLC increased its position in shares of AECOM (NYSE:ACM) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,829 shares of the construction company’s stock after acquiring an additional 292 shares during the period. Avitas Wealth Management LLC’s holdings in AECOM were worth $1,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Findlay Park Partners LLP lifted its stake in AECOM by 22.6% during the first quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock worth $251,215,000 after purchasing an additional 472,944 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of AECOM by 5.5% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company’s stock worth $206,176,000 after buying an additional 122,015 shares during the last quarter. Impax Asset Management Group plc boosted its stake in AECOM by 15.5% in the second quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock valued at $154,464,000 after buying an additional 235,350 shares in the last quarter. Bank of New York Mellon Corp grew its position in AECOM by 18.8% in the second quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock valued at $143,573,000 after acquiring an additional 258,250 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in AECOM by 2.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 980,228 shares of the construction company’s stock worth $96,141,000 after acquiring an additional 26,079 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Wall Street Analyst Weigh In

ACM has been the topic of a number of research analyst reports. Robert W. Baird raised their target price on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Truist Financial boosted their price objective on AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Citigroup increased their target price on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Royal Bank of Canada raised their price objective on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $112.29.

AECOM Price Performance

AECOM stock opened at $108.51 on Wednesday. The firm has a market cap of $14.77 billion, a P/E ratio of -1,205.67, a P/E/G ratio of 1.58 and a beta of 1.17. The stock’s 50 day moving average is $101.39 and its 200 day moving average is $94.05. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13. AECOM has a one year low of $74.52 and a one year high of $108.66.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the firm posted $0.94 EPS. The company’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, research analysts expect that AECOM will post 4.46 EPS for the current year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Wednesday, October 2nd. AECOM’s dividend payout ratio is -977.78%.

About AECOM

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.