Frontier Capital Management Co. LLC Sells 105 Shares of AECOM (NYSE:ACM)

Frontier Capital Management Co. LLC cut its stake in AECOM (NYSE:ACM) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 70,395 shares of the construction company’s stock after selling 105 shares during the period. Frontier Capital Management Co. LLC’s holdings in AECOM were worth $7,520,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. lifted its position in shares of AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock worth $25,000 after purchasing an additional 116 shares during the period. Allworth Financial LP raised its stake in AECOM by 390.6% during the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after buying an additional 207 shares during the last quarter. National Pension Service acquired a new position in AECOM in the fourth quarter valued at $32,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in AECOM during the fourth quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in AECOM during the 4th quarter worth about $51,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Up 0.3 %

Shares of NYSE ACM opened at $104.67 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The company has a 50-day moving average price of $95.47 and a 200-day moving average price of $103.50. The stock has a market capitalization of $13.88 billion, a P/E ratio of 29.74, a P/E/G ratio of 1.63 and a beta of 0.96. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. On average, equities research analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM’s payout ratio is currently 29.55%.

Wall Street Analyst Weigh In

ACM has been the topic of a number of recent analyst reports. KeyCorp dropped their price objective on AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada increased their price target on AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday. Robert W. Baird lifted their price objective on shares of AECOM from $108.00 to $118.00 and gave the company an “outperform” rating in a research note on Tuesday. Barclays increased their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Truist Financial decreased their price target on shares of AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $119.00.

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.