AECOM $ACM Stock: Perpetual Ltd Increases Holdings

Key Points

• Perpetual Ltd increased its AECOM stake by 12.3% in the third quarter to 544,353 shares worth approximately $32.1 million. Institutional investors and hedge funds collectively own 85.41% of ACM.
• Analyst views remain mixed, but AECOM has a consensus “Moderate Buy” rating and an average price target of $83.27, despite several recent target-price cuts and downgrades.
• AECOM reported a quarterly loss of $0.50 per share, missing estimates, while revenue fell 14.2% year over year to $3.59 billion. The company declared a $0.31 quarterly dividend, equivalent to a 2.1% yield.

Perpetual Ltd increased its stake in shares of AECOM (NYSE:ACM - Free Report) by 12.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 544,353 shares of the construction company's stock after acquiring an additional 59,631 shares during the quarter. Perpetual Ltd owned about 0.42% of AECOM worth $32,090,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ACM. BlackRock Inc. bought a new stake in AECOM in the 2nd quarter valued at $1,003,699,000. Primecap Management Co. CA bought a new position in shares of AECOM during the 2nd quarter worth about $613,336,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of AECOM during the 2nd quarter worth about $383,701,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of AECOM by 2.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,565,323 shares of the construction company's stock valued at $248,860,000 after buying an additional 83,360 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of AECOM by 24.8% during the fourth quarter. Panagora Asset Management Inc. now owns 1,281,656 shares of the construction company's stock valued at $122,180,000 after buying an additional 254,951 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ACM shares. Barclays decreased their target price on AECOM from $90.00 to $73.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 12th. Zacks Research cut AECOM from a "hold" rating to a "strong sell" rating in a report on Monday, August 10th. Weiss Ratings downgraded AECOM from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 12th. Robert W. Baird decreased their price objective on AECOM from $73.00 to $65.00 and set a "neutral" rating on the stock in a report on Friday, August 14th. Finally, Truist Financial cut their target price on AECOM from $85.00 to $75.00 and set a "buy" rating for the company in a research note on Monday, October 5th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, AECOM currently has a consensus rating of "Moderate Buy" and an average target price of $83.27.

AECOM Stock Performance

NYSE:ACM opened at $59.05 on Tuesday. The firm has a market capitalization of $7.60 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 1.06 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. AECOM has a 12-month low of $56.39 and a 12-month high of $135.52. The firm has a 50-day moving average price of $64.21 and a 200 day moving average price of $71.21.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The construction company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of $1.46 by ($1.96). AECOM had a net margin of 1.87% and a return on equity of 19.72%. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The company's revenue for the quarter was down 14.2% on a year-over-year basis. AECOM has set its FY 2026 guidance at 3.950-4.150 EPS. Research analysts anticipate that AECOM will post 3.98 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.1%. AECOM's dividend payout ratio (DPR) is presently 56.88%.

AECOM Company Profile

AECOM NYSE: ACM is a global infrastructure consulting firm that provides professional services across the project lifecycle. Its activities include planning, design, engineering, architecture, program and construction management, environmental services, and operations support.

The company serves public- and private-sector clients in areas such as transportation, water, buildings, energy, environmental remediation, and government infrastructure. Its work includes roads and transit systems, airports, water and wastewater facilities, commercial and civic buildings, and large-scale urban development programs.

AECOM operates internationally, serving clients across North America, Europe, the Middle East, Asia-Pacific, and other global markets.

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