AECOM $ACM Shares Purchased by Voya Investment Management LLC

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 boosted its holdings in AECOM (NYSE:ACM - Free Report) by 16.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 190,599 shares of the construction company's stock after buying an additional 26,950 shares during the period. Voya Investment Management LLC owned 0.14% of AECOM worth $17,674,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ACM. TCTC Holdings LLC lifted 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 purchasing an additional 166 shares in the last quarter. MAI Capital Management acquired a new position in shares of AECOM in the 1st quarter valued at about $28,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 in the last quarter. SVB Wealth LLC acquired a new position in shares of AECOM in the 1st quarter valued at about $33,000. Finally, Private Trust Co. NA lifted its stake in shares of 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 purchasing an additional 112 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ACM has been the topic of several research analyst reports. UBS Group lifted their price objective on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Bank of America lifted their price objective on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Barclays boosted their price target on AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Citigroup reissued a "buy" rating and set a $137.00 price target (up from $122.00) on shares of AECOM in a research report on Monday, July 28th. Finally, Wall Street Zen lowered AECOM from a "buy" rating to a "hold" rating in a research report on Saturday, September 6th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat.com, AECOM has a consensus rating of "Buy" and a consensus price target of $128.44.

AECOM Price Performance

Shares of NYSE ACM opened at $127.77 on Tuesday. AECOM has a twelve month low of $85.00 and a twelve month high of $128.70. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $16.92 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 1.88 and a beta of 0.99. The business has a 50 day simple moving average of $119.28 and a 200-day simple moving average of $108.15.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings results 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. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the business earned $1.16 EPS. The business's quarterly revenue was up 6.2% on a year-over-year basis. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, equities research analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. AECOM's payout ratio is currently 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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