Sierra Capital LLC Raises Stake in AECOM (NYSE:ACM)

Sierra Capital LLC grew its holdings in AECOM (NYSE:ACM) by 3.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 5,509 shares of the construction company’s stock after acquiring an additional 178 shares during the quarter. Sierra Capital LLC’s holdings in AECOM were worth $569,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in AECOM during the 1st quarter worth approximately $25,000. Family Firm Inc. purchased a new position in AECOM during the 2nd quarter worth $31,000. UMB Bank n.a. lifted its stake in shares of AECOM by 196.2% in the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after acquiring an additional 257 shares during the period. Versant Capital Management Inc boosted its holdings in shares of AECOM by 4,375.0% in the second quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock valued at $47,000 after acquiring an additional 525 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of AECOM during the third quarter worth about $50,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Price Performance

Shares of ACM traded down $1.12 during trading hours on Tuesday, reaching $106.37. 165,480 shares of the company traded hands, compared to its average volume of 789,358. The stock has a market capitalization of $14.48 billion, a PE ratio of -1,194.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17. The stock has a fifty day simple moving average of $100.47 and a 200 day simple moving average of $93.73. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $108.26. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98.

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

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, October 2nd. AECOM’s dividend payout ratio is presently -977.78%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. StockNews.com downgraded AECOM from a “buy” rating to a “hold” rating in a research note on Saturday. KeyCorp boosted their target price on shares of AECOM from $99.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Royal Bank of Canada increased their target price on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Truist Financial raised their price objective on AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, AECOM has a consensus rating of “Moderate Buy” and a consensus price target of $108.86.

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.