SG Americas Securities LLC Has $16.03 Million Holdings in AECOM (NYSE:ACM)

SG Americas Securities LLC grew its position in AECOM (NYSE:ACM) by 1,717.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163,480 shares of the construction company’s stock after purchasing an additional 154,483 shares during the quarter. SG Americas Securities LLC owned about 0.12% of AECOM worth $16,034,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ACM. Ables Iannone Moore & Associates Inc. bought a new position in AECOM during the 4th quarter worth $28,000. Creekmur Asset Management LLC bought a new position in AECOM during the fourth quarter worth about $28,000. Rise Advisors LLC acquired a new stake in AECOM in the 1st quarter worth about $31,000. GAMMA Investing LLC bought a new stake in AECOM in the 4th quarter valued at about $35,000. Finally, Headlands Technologies LLC acquired a new position in shares of AECOM during the 4th quarter worth approximately $40,000. Institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ACM. KeyCorp boosted their price target on AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Robert W. Baird dropped their price target on AECOM from $110.00 to $96.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. UBS Group increased their price objective on shares of AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Citigroup raised their target price on shares of AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Truist Financial cut their price target on shares of AECOM from $113.00 to $107.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $104.75.

Insiders Place Their Bets

In other AECOM news, Director Douglas Stotlar sold 7,179 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $93.51, for a total value of $671,308.29. Following the completion of the transaction, the director now directly owns 34,667 shares in the company, valued at approximately $3,241,711.17. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.42% of the company’s stock.

AECOM Stock Up 1.2 %

NYSE:ACM traded up $1.02 on Friday, hitting $87.16. The company had a trading volume of 763,959 shares, compared to its average volume of 745,132. The firm has a 50 day moving average of $88.14 and a two-hundred day moving average of $90.48. AECOM has a 52 week low of $74.40 and a 52 week high of $98.72. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.06.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.01). AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the business earned $0.92 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts expect that AECOM will post 4.47 EPS for the current year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.88 annualized dividend and a yield of 1.01%. AECOM’s dividend payout ratio is presently -977.67%.

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.