AECOM $ACM Stake Reduced by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. lowered its holdings in AECOM (NYSE:ACM) by 1.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,607 shares of the construction company’s stock after selling 746 shares during the period. Summit Investment Advisors Inc.’s holdings in AECOM were worth $4,415,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC bought a new stake in shares of AECOM during the 1st quarter worth $256,000. Envestnet Asset Management Inc. lifted its holdings in shares of AECOM by 40.2% during the first quarter. Envestnet Asset Management Inc. now owns 152,464 shares of the construction company’s stock valued at $14,138,000 after purchasing an additional 43,706 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of AECOM by 32.7% in the 1st quarter. Brown Advisory Inc. now owns 3,956 shares of the construction company’s stock valued at $367,000 after purchasing an additional 975 shares during the period. Banque Pictet & Cie SA purchased a new position in AECOM in the 1st quarter worth about $328,000. Finally, Xponance Inc. increased its stake in AECOM by 4.4% in the 1st quarter. Xponance Inc. now owns 26,193 shares of the construction company’s stock worth $2,429,000 after purchasing an additional 1,114 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Insider Buying and Selling at AECOM

In related news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction on Friday, August 15th. The shares were sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ACM. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AECOM in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of AECOM from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. UBS Group raised their price objective on shares of AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Barclays boosted their target price on shares of AECOM from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Citigroup increased their price objective on AECOM from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $137.30.

AECOM Stock Up 0.5%

Shares of AECOM stock opened at $130.83 on Friday. The firm has a market cap of $17.33 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 1.96 and a beta of 1.06. The stock has a 50-day simple moving average of $130.04 and a 200-day simple moving average of $118.15. AECOM has a 52-week low of $85.00 and a 52-week high of $135.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. AECOM’s dividend payout ratio (DPR) is currently 22.66%.

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.