Sierra Summit Advisors LLC Buys Shares of 65,889 AECOM (NYSE:ACM)

Sierra Summit Advisors LLC purchased a new position in shares of AECOM (NYSE:ACM) during the second quarter, HoldingsChannel reports. The fund purchased 65,889 shares of the construction company’s stock, valued at approximately $5,807,000. AECOM accounts for approximately 1.4% of Sierra Summit Advisors LLC’s holdings, making the stock its 29th biggest holding.

Several other institutional investors and hedge funds also recently 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. Ables Iannone Moore & Associates Inc. bought a new stake in shares of AECOM during the fourth quarter worth $28,000. Creekmur Asset Management LLC acquired a new stake in shares of AECOM during the fourth quarter worth $28,000. Rise Advisors LLC bought a new stake in AECOM in the 1st quarter valued at $31,000. Finally, Family Firm Inc. acquired a new position in AECOM in the 2nd quarter worth $31,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Price Performance

Shares of ACM opened at $97.82 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The company’s fifty day simple moving average is $93.14 and its 200 day simple moving average is $91.96. AECOM has a 1-year low of $74.40 and a 1-year high of $102.26. The company has a market cap of $13.32 billion, a price-to-earnings ratio of -1,086.89, a PEG ratio of 1.60 and a beta of 1.17.

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

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be given a $0.22 dividend. 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 0.90%. AECOM’s payout ratio is -977.78%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Truist Financial reissued a “buy” rating and issued a $108.00 price target (up previously from $107.00) on shares of AECOM in a research note on Wednesday, August 7th. Royal Bank of Canada boosted their target price on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Citigroup decreased their price target on shares of AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Barclays boosted their price objective on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, UBS Group raised their target price on shares of AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $105.00.

AECOM Company 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.