AECOM (NYSE:ACM) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lowered its stake in AECOM (NYSE:ACM) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,454 shares of the construction company’s stock after selling 1,041 shares during the period. Ameritas Investment Partners Inc.’s holdings in AECOM were worth $4,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. EntryPoint Capital LLC acquired a new stake in AECOM in the first quarter valued at approximately $25,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of AECOM in the 4th quarter valued at approximately $28,000. Creekmur Asset Management LLC acquired a new stake in shares of AECOM in the 4th quarter valued at $28,000. Rise Advisors LLC purchased a new stake in shares of AECOM during the 1st quarter worth $31,000. Finally, Family Firm Inc. acquired a new position in shares of AECOM during the second quarter worth $31,000. 85.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ACM shares. KeyCorp upped their price objective on AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Barclays upped their target price on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Robert W. Baird lifted their price target on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Citigroup reduced their price target on shares of AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Finally, Royal Bank of Canada lifted their target price on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $105.00.

AECOM Stock Performance

Shares of ACM stock opened at $101.20 on Friday. The stock’s 50-day moving average price is $94.62 and its 200 day moving average price is $92.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $13.78 billion, a PE ratio of -1,124.44, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17. AECOM has a 52-week low of $74.40 and a 52-week high of $102.26.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts forecast that AECOM will post 4.46 EPS for the current year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.87%. AECOM’s dividend payout ratio (DPR) 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.