Brandywine Global Investment Management LLC Invests $3.77 Million in AECOM $ACM

Key Points

• Brandywine Global Investment Management LLC acquired approximately 40,704 shares of AECOM, valued at about $3,774,000, during the 1st quarter.
• Analysts have positive sentiments about AECOM, with multiple brokerages increasing their price targets and giving the stock a consensus rating of "Buy."
• AECOM reported an earnings per share (EPS) of $1.34 in its latest quarter, exceeding analysts' expectations, and showed a 6.2% year-over-year revenue growth.

Brandywine Global Investment Management LLC acquired a new stake in shares of AECOM (NYSE:ACM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,704 shares of the construction company's stock, valued at approximately $3,774,000.

Other hedge funds have also made changes to their positions in the company. Cordatus Wealth Management LLC grew its holdings in shares of AECOM by 3.7% during the 1st quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company's stock worth $266,000 after purchasing an additional 101 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of AECOM by 37.2% during the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after purchasing an additional 112 shares in the last quarter. Ellevest Inc. grew its holdings in shares of AECOM by 2.2% during the 4th quarter. Ellevest Inc. now owns 5,820 shares of the construction company's stock worth $622,000 after purchasing an additional 124 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of AECOM by 7.8% during the 1st quarter. Gateway Investment Advisers LLC now owns 2,196 shares of the construction company's stock worth $204,000 after purchasing an additional 158 shares in the last quarter. Finally, TCTC Holdings LLC grew its holdings in shares of AECOM by 120.3% during the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wall Street Zen raised AECOM from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. KeyCorp raised their target price on AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada raised their target price on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Bank of America raised their target price on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Robert W. Baird raised their target price on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $128.44.

Insider Buying and Selling at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $119.56, for a total transaction of $6,348,277.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

AECOM Price Performance

AECOM stock traded up $1.4550 on Thursday, reaching $121.5450. The company's stock had a trading volume of 647,302 shares, compared to its average volume of 978,950. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $16.10 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 1.79 and a beta of 0.99. The business's fifty day moving average price is $114.73 and its 200 day moving average price is $105.16. AECOM has a twelve month low of $85.00 and a twelve month high of $122.04.

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

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. AECOM's payout ratio is presently 22.66%.

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.