TruWealth Advisors LLC Takes Position in AECOM $ACM

Key Points

• TruWealth Advisors LLC acquired 2,148 shares of AECOM, valued at approximately $242,000, during the 2nd quarter.
• Several major investors increased their stakes in AECOM, with UBS AM raising its stake by 34.7% in the last quarter, now owning over $286 million worth of shares.
• AECOM's stock has an average rating of "Buy" with a consensus target price of $128.44, following recent analyst upgrades from various brokerages.

TruWealth Advisors LLC acquired a new position in AECOM (NYSE:ACM - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,148 shares of the construction company's stock, valued at approximately $242,000.

A number of other large investors have also modified their holdings of the company. Cordatus Wealth Management LLC increased its holdings in shares of AECOM by 3.7% in the 1st quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company's stock worth $266,000 after acquiring an additional 101 shares during the period. Private Trust Co. NA increased its holdings in shares of AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after acquiring an additional 112 shares during the period. Gateway Investment Advisers LLC increased its holdings in shares of AECOM by 7.8% in the 1st quarter. Gateway Investment Advisers LLC now owns 2,196 shares of the construction company's stock worth $204,000 after acquiring an additional 158 shares during the period. TCTC Holdings LLC increased its holdings in shares of AECOM by 120.3% in the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after acquiring an additional 166 shares during the period. Finally, Mutual Advisors LLC increased its holdings in shares of AECOM by 3.8% in the 1st quarter. Mutual Advisors LLC now owns 4,609 shares of the construction company's stock worth $449,000 after acquiring an additional 169 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.

Insider Activity

In related news, CEO Troy Rudd sold 53,097 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $119.56, for a total value of $6,348,277.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.41% of the company's stock.

AECOM Price Performance

Shares of NYSE ACM traded down $0.77 during midday trading on Friday, reaching $132.22. 423,340 shares of the company traded hands, compared to its average volume of 979,543. The firm has a market cap of $17.51 billion, a PE ratio of 28.80, a PEG ratio of 1.88 and a beta of 0.99. The stock's 50-day simple moving average is $120.11 and its 200-day simple moving average is $108.66. AECOM has a 12 month low of $85.00 and a 12 month high of $133.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, equities analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Wednesday, October 1st will be given a $0.26 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. AECOM's payout ratio is currently 22.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Bank of America increased their target price on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Citigroup reiterated a "buy" rating and issued a $137.00 target price (up previously from $122.00) on shares of AECOM in a research report on Monday, July 28th. KeyCorp increased their target price on shares of AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of AECOM from a "buy" rating to a "hold" rating in a research report on Saturday, September 6th. Finally, Barclays increased their target price on shares of AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $128.44.

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.