Marshall & Sterling Wealth Advisors Inc. Purchases New Position in AECOM (NYSE:ACM)

Marshall & Sterling Wealth Advisors Inc. bought a new stake in AECOM (NYSE:ACM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 330 shares of the construction company’s stock, valued at approximately $35,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ACM. Franklin Resources Inc. raised its holdings in shares of AECOM by 1.5% in the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock valued at $655,000 after buying an additional 91 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new position in AECOM during the third quarter worth about $2,928,000. JPMorgan Chase & Co. raised its holdings in AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after purchasing an additional 220,035 shares in the last quarter. GAMMA Investing LLC raised its holdings in AECOM by 35.3% during the fourth quarter. GAMMA Investing LLC now owns 1,528 shares of the construction company’s stock worth $163,000 after purchasing an additional 399 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new position in AECOM during the fourth quarter worth about $458,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Stock Performance

AECOM stock opened at $97.42 on Tuesday. The firm has a market capitalization of $12.92 billion, a P/E ratio of 27.68, a PEG ratio of 1.63 and a beta of 1.03. The stock has a fifty day moving average price of $94.71 and a 200 day moving average price of $103.78. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. Equities research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Wednesday, April 2nd. AECOM’s payout ratio is 29.55%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Robert W. Baird reduced their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Truist Financial reduced their price objective on AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. KeyCorp reduced their price objective on AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Citigroup reduced their price objective on AECOM from $127.00 to $116.00 and set a “buy” rating for the company in a report on Friday. Finally, Barclays lifted their price objective on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $116.50.

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.