Atria Investments Inc Takes $557,000 Position in AECOM $ACM

Atria Investments Inc purchased a new position in shares of AECOM (NYSE:ACM) in the second quarter, HoldingsChannel.com reports. The firm purchased 4,935 shares of the construction company’s stock, valued at approximately $557,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. OneDigital Investment Advisors LLC purchased a new position in shares of AECOM during the first quarter worth about $256,000. Envestnet Asset Management Inc. lifted its position in AECOM by 40.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 152,464 shares of the construction company’s stock worth $14,138,000 after acquiring an additional 43,706 shares during the period. Brown Advisory Inc. grew its stake in shares of AECOM by 32.7% in the 1st quarter. Brown Advisory Inc. now owns 3,956 shares of the construction company’s stock valued at $367,000 after purchasing an additional 975 shares during the last quarter. Xponance Inc. grew its stake in shares of AECOM by 4.4% in the 1st quarter. Xponance Inc. now owns 26,193 shares of the construction company’s stock valued at $2,429,000 after purchasing an additional 1,114 shares during the last quarter. Finally, Ballentine Partners LLC increased its holdings in shares of AECOM by 28.9% in the first quarter. Ballentine Partners LLC now owns 5,331 shares of the construction company’s stock valued at $494,000 after purchasing an additional 1,194 shares during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Troy Rudd sold 53,097 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.41% of the stock is owned by company insiders.

AECOM Stock Performance

ACM opened at $130.83 on Monday. AECOM has a 1-year low of $85.00 and a 1-year high of $135.00. The stock has a market cap of $17.33 billion, a P/E ratio of 28.50, a P/E/G ratio of 1.96 and a beta of 1.06. The stock’s 50 day simple moving average is $130.04 and its 200 day simple moving average is $118.48. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. AECOM’s payout ratio is presently 22.66%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ACM shares. Barclays increased their price target on AECOM from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AECOM in a report on Wednesday, October 8th. Bank of America increased their price target on shares of AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. UBS Group raised their price objective on shares of AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Citigroup boosted their target price on AECOM from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $137.30.

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.