Applied Finance Capital Management LLC Takes Position in AECOM $ACM

Key Points

• Applied Finance Capital Management LLC has acquired a new stake in AECOM, purchasing 3,233 shares valued at approximately $365,000 in the second quarter.
• Several institutional investors have significantly increased their positions in AECOM, with holdings now comprising 85.41% of the stock.
• AECOM recently announced a quarterly dividend of $0.26 per share, representing an annualized dividend yield of 0.8%.

Applied Finance Capital Management LLC purchased a new stake in AECOM (NYSE:ACM - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,233 shares of the construction company's stock, valued at approximately $365,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ACM. Nuveen LLC bought a new stake in shares of AECOM in the 1st quarter valued at about $78,900,000. The Manufacturers Life Insurance Company grew its position in shares of AECOM by 421.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company's stock valued at $86,821,000 after purchasing an additional 756,859 shares during the period. Northern Trust Corp grew its position in shares of AECOM by 33.2% in the 1st quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company's stock valued at $205,713,000 after purchasing an additional 553,519 shares during the period. Nordea Investment Management AB grew its position in shares of AECOM by 65.0% in the 2nd quarter. Nordea Investment Management AB now owns 717,270 shares of the construction company's stock valued at $80,506,000 after purchasing an additional 282,649 shares during the period. Finally, Strs Ohio acquired a new position in shares of AECOM in the 1st quarter valued at approximately $24,732,000. 85.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. KeyCorp boosted their price objective on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. UBS Group boosted their price objective on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Citigroup reiterated a "buy" rating and issued a $137.00 price objective (up from $122.00) on shares of AECOM in a research report on Monday, July 28th. Wall Street Zen lowered AECOM from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Finally, Barclays upped 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. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, AECOM currently has a consensus rating of "Buy" and a consensus target price of $133.20.

AECOM Trading Up 0.1%

NYSE ACM opened at $131.07 on Friday. The company has a market cap of $17.36 billion, a PE ratio of 28.56, a PEG ratio of 1.77 and a beta of 1.03. 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 12 month low of $85.00 and a 12 month high of $133.85. The stock has a 50 day moving average of $126.97 and a 200-day moving average of $113.84.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.25 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, equities research analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

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

Insider Activity at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.41% of the company's stock.

AECOM Company 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.

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