AlphaQuest LLC Sells 11,449 Shares of AECOM $ACM

Key Points

• AlphaQuest LLC reduced its stake in AECOM by 34.6% during the first quarter, selling 11,449 shares and bringing their total holdings to 21,598 shares worth approximately $2,003,000.
• Several other investors increased their stakes in AECOM, with TCTC Holdings LLC and Caitong International Asset Management Co. Ltd raising their holdings by 120.3% and 212.9% respectively during the same quarter.
• Research analysts have generally given AECOM a Buy rating, with target prices increasing; Bank of America set a new target of $124.00, while Citigroup raised theirs to $137.00.

AlphaQuest LLC reduced its position in shares of AECOM (NYSE:ACM - Free Report) by 34.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,598 shares of the construction company's stock after selling 11,449 shares during the period. AlphaQuest LLC's holdings in AECOM were worth $2,003,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. TCTC Holdings LLC lifted its position in shares of AECOM by 120.3% in the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after buying an additional 166 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position 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 worth $29,000 after buying an additional 215 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of AECOM in the 4th quarter worth about $35,000. Private Trust Co. NA increased its holdings 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 worth $38,000 after acquiring an additional 112 shares during the period. Finally, National Pension Service increased its holdings in shares of AECOM by 75.0% in the 1st quarter. National Pension Service now owns 525 shares of the construction company's stock worth $49,000 after acquiring an additional 225 shares during the period. 85.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group increased their price objective on shares of AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Barclays increased their price objective on shares of AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. KeyCorp increased their price objective on shares of AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Royal Bank Of Canada increased their price target on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Bank of America upped their price objective on shares of AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $128.44.

Insider Buying and Selling 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 value of $6,348,277.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by company insiders.

AECOM Trading Up 0.3%

ACM stock traded up $0.32 during mid-day trading on Wednesday, reaching $125.88. 327,886 shares of the stock traded hands, compared to its average volume of 978,432. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. AECOM has a 52-week low of $85.00 and a 52-week high of $126.24. The company has a market cap of $16.67 billion, a P/E ratio of 27.40, a P/E/G ratio of 1.83 and a beta of 0.99. The stock's fifty day moving average is $115.61 and its 200-day moving average is $105.64.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.09. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. 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, sell-side analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. AECOM's dividend payout ratio (DPR) is 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.