Voya Investment Management LLC Raises Stock Position in AECOM $ACM

Key Points

• Voya Investment Management LLC increased its stake in AECOM by 16.5%, owning 190,599 shares valued at approximately $17.67 million after acquiring an additional 26,950 shares in the first quarter.
• CEO Troy Rudd sold 53,097 shares at an average price of $119.56, totaling over $6.3 million, highlighting insider transactions amidst significant institutional ownership.
• Several Wall Street analysts have raised their price targets on AECOM, with UBS Group increasing it from $126 to $139, and the stock holding a consensus rating of "Buy" with a price target of $128.44.

Voya Investment Management LLC lifted its position in shares of AECOM (NYSE:ACM - Free Report) by 16.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,599 shares of the construction company's stock after acquiring an additional 26,950 shares during the period. Voya Investment Management LLC owned approximately 0.14% of AECOM worth $17,674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ACM. Cordatus Wealth Management LLC grew its position in 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 purchasing an additional 101 shares during the period. Private Trust Co. NA boosted its stake 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 acquiring an additional 112 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake 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 acquiring an additional 158 shares during the last quarter. TCTC Holdings LLC boosted its stake 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 acquiring an additional 166 shares during the last quarter. Finally, Mutual Advisors LLC lifted its stake in shares of AECOM by 3.8% during the 1st quarter. Mutual Advisors LLC now owns 4,609 shares of the construction company's stock valued at $449,000 after buying an additional 169 shares in the last quarter. Institutional investors own 85.41% of the company's stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

ACM has been the topic of a number of analyst reports. Barclays lifted their target price on shares of AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Citigroup restated a "buy" rating and set a $137.00 target price (up previously from $122.00) on shares of AECOM in a research note on Monday, July 28th. Bank of America lifted their target price on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. UBS Group boosted their price target on shares of AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, KeyCorp boosted their price target on shares of AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $128.44.

AECOM Stock Performance

Shares of NYSE:ACM traded down $0.34 during midday trading on Friday, reaching $132.65. The company's stock had a trading volume of 3,177,669 shares, compared to its average volume of 966,250. The firm has a market capitalization of $17.57 billion, a PE ratio of 28.90, a P/E/G ratio of 1.97 and a beta of 0.99. AECOM has a twelve month low of $85.00 and a twelve month high of $133.81. The stock has a fifty day moving average of $120.47 and a 200 day moving average of $108.93. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.09. The firm had revenue of $1.94 billion for 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 business's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, equities analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

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

AECOM 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.