Aberdeen Group plc Buys 3,054 Shares of AECOM $ACM

Key Points

• Aberdeen Group plc increased its stake in AECOM by 64.6%, owning a total of 7,783 shares valued at approximately $878,000.
• AECOM's shares recently received positive outlooks from analysts, with target prices raised by firms such as Truist Financial, which increased their target from $128.00 to $146.00.
• CEO Troy Rudd sold 53,097 shares of the company's stock for a total of $6.35 million, reflecting ongoing insider transactions at AECOM.

Aberdeen Group plc raised its position in shares of AECOM (NYSE:ACM - Free Report) by 64.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,783 shares of the construction company's stock after acquiring an additional 3,054 shares during the period. Aberdeen Group plc's holdings in AECOM were worth $878,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. MAI Capital Management purchased a new position in shares of AECOM during the first quarter valued at approximately $28,000. TCTC Holdings LLC boosted its position in AECOM by 120.3% in the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock valued at $28,000 after buying an additional 166 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in AECOM by 212.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock worth $29,000 after purchasing an additional 215 shares in the last quarter. SVB Wealth LLC purchased a new position in AECOM during the 1st quarter worth $33,000. Finally, Private Trust Co. NA raised its position in AECOM by 37.2% during the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after purchasing an additional 112 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ACM. Truist Financial increased their price target on AECOM from $128.00 to $146.00 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. KeyCorp lifted their target price on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. National Bank Financial initiated coverage on shares of AECOM in a research note on Wednesday, October 8th. They set an "outperform" rating and a $151.00 price objective for the company. Wall Street Zen cut AECOM from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Finally, Citigroup restated a "buy" rating and set a $137.00 price target (up previously from $122.00) on shares of AECOM in a research note on Monday, July 28th. Eleven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $133.20.

Insider Buying and Selling at AECOM

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

AECOM Price Performance

Shares of ACM opened at $131.07 on Friday. The business's 50-day moving average is $126.97 and its two-hundred day moving average is $113.84. The company has a market capitalization of $17.36 billion, a P/E ratio of 28.56, a P/E/G ratio of 1.77 and a beta of 1.03. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $133.85. 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 issued its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Research analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, October 1st. AECOM's dividend 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.

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