AECOM $ACM Shares Purchased by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale increased its stake in AECOM by 49.9% during Q2, now owning approximately $80.9 million worth of the company.
• AECOM reported $1.34 EPS for the quarter, exceeding expectations, with revenue of $1.94 billion, despite lower than anticipated analyst estimates.
• The company declared a quarterly dividend of $0.26 per share, with a yield of 0.8% and a payout ratio of 22.66%.

DekaBank Deutsche Girozentrale raised its stake in AECOM (NYSE:ACM - Free Report) by 49.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 722,409 shares of the construction company's stock after buying an additional 240,640 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.55% of AECOM worth $80,987,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. TCTC Holdings LLC raised its stake in shares of 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 acquiring an additional 166 shares during the period. MAI Capital Management acquired a new stake in AECOM in the 1st quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd increased its holdings in AECOM by 212.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock valued at $29,000 after purchasing an additional 215 shares during the last quarter. SVB Wealth LLC acquired a new stake in AECOM during the 1st quarter worth approximately $33,000. Finally, Private Trust Co. NA boosted its position in AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

AECOM Trading Up 0.6%

NYSE ACM opened at $134.43 on Wednesday. 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 capitalization of $17.81 billion, a P/E ratio of 29.29, a P/E/G ratio of 1.96 and a beta of 1.03. AECOM has a 52-week low of $85.00 and a 52-week high of $134.88. The firm has a 50-day moving average price of $127.54 and a 200 day moving average price of $114.56.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.09. The company had revenue of $1.94 billion for 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 quarterly revenue 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. Equities research analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

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

Analyst Ratings Changes

Several brokerages have weighed in on ACM. Wall Street Zen downgraded AECOM from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. Weiss Ratings reissued a "buy (b)" rating on shares of AECOM in a research report on Wednesday, October 8th. Bank of America upped their target price on shares of AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. National Bank Financial assumed coverage on shares of AECOM in a research note on Wednesday, October 8th. They issued an "outperform" rating and a $151.00 price target for the company. Finally, UBS Group increased 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. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat, AECOM currently has a consensus rating of "Buy" and an average price target of $137.30.

Insider Transactions at AECOM

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the firm's stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.41% of the company's stock.

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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