United Services Automobile Association Buys New Shares in AECOM $ACM

Key Points

• United Services Automobile Association has purchased 8,458 shares of AECOM, valued at approximately $783,000, indicating significant institutional investment in the construction firm.
• AECOM reported $1.34 earnings per share for the last quarter, surpassing estimates, with a revenue of $1.94 billion, marking a 6.2% increase year-over-year.
• Analysts rate AECOM stock predominantly as a "Buy" with an average price target of $128.44, reflecting positive sentiment despite a recent downgrade from Wall Street Zen.

United Services Automobile Association acquired a new stake in AECOM (NYSE:ACM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,458 shares of the construction company's stock, valued at approximately $783,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ACM. Nuveen LLC acquired a new stake in shares of AECOM in the first quarter valued at about $78,900,000. The Manufacturers Life Insurance Company lifted its stake in shares of AECOM by 421.9% in the first quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company's stock valued at $86,821,000 after purchasing an additional 756,859 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of AECOM by 34.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company's stock valued at $286,305,000 after purchasing an additional 691,020 shares during the period. Northern Trust Corp lifted its stake in shares of AECOM by 33.2% in the first quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company's stock valued at $205,713,000 after purchasing an additional 553,519 shares during the period. Finally, Amundi lifted its stake in shares of AECOM by 16.6% in the first quarter. Amundi now owns 1,683,266 shares of the construction company's stock valued at $156,096,000 after purchasing an additional 239,608 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.

Insider Transactions at AECOM

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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ACM. UBS Group raised their target price on shares of AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Bank of America raised their target price on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. KeyCorp raised their target price on shares of AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Barclays raised their target price on shares of AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Finally, Wall Street Zen downgraded shares of AECOM from a "buy" rating to a "hold" rating in a report on Saturday, September 6th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $128.44.

AECOM Trading Down 0.8%

Shares of NYSE:ACM traded down $1.04 during trading on Friday, reaching $126.62. The stock had a trading volume of 836,586 shares, compared to its average volume of 825,594. The business has a fifty day moving average price of $119.03 and a 200-day moving average price of $107.95. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The stock has a market cap of $16.77 billion, a P/E ratio of 27.59, a PEG ratio of 1.88 and a beta of 0.99. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $128.04.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share 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 analyst estimates of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The company's revenue was up 6.2% on a year-over-year basis. During the same quarter 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, analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

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

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.