Callan Family Office LLC Purchases New Shares in AECOM $ACM

Key Points

• Callan Family Office LLC has acquired a new stake in AECOM, purchasing 2,255 shares valued at around $254,000 during the second quarter.
• AECOM reported $1.34 earnings per share for its last quarter, surpassing analyst expectations of $1.25, while revenue increased by 6.2% year-over-year.
• The company plans to pay a quarterly $0.26 dividend on October 17th, reflecting a yield of 0.8% based on its current stock price.

Callan Family Office LLC purchased a new stake in shares of AECOM (NYSE:ACM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,255 shares of the construction company's stock, valued at approximately $254,000.

Other hedge funds have also made changes to their positions in the company. Blair William & Co. IL acquired a new position in shares of AECOM in the 2nd quarter valued at about $446,000. Vontobel Holding Ltd. grew its position in AECOM by 21.3% during the second quarter. Vontobel Holding Ltd. now owns 127,353 shares of the construction company's stock valued at $14,373,000 after purchasing an additional 22,376 shares in the last quarter. Winthrop Advisory Group LLC purchased a new position in AECOM during the second quarter valued at approximately $208,000. Knights of Columbus Asset Advisors LLC increased its stake in AECOM by 6.1% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 88,774 shares of the construction company's stock valued at $10,019,000 after buying an additional 5,104 shares during the period. Finally, QRG Capital Management Inc. purchased a new stake in AECOM in the 2nd quarter worth approximately $219,000. Hedge funds and other institutional investors own 85.41% of the company's stock.

AECOM Price Performance

Shares of AECOM stock opened at $131.05 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $17.36 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 1.79 and a beta of 1.03. The firm has a fifty day moving average price of $126.72 and a two-hundred day moving average price of $113.58. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $133.85.

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

AECOM Dividend Announcement

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

Analyst Upgrades and Downgrades

ACM has been the topic of several research reports. Truist Financial upped their target price on AECOM from $128.00 to $146.00 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Citigroup restated a "buy" rating and issued a $137.00 price objective (up previously from $122.00) on shares of AECOM in a report 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. National Bank Financial assumed coverage on shares of AECOM in a research report on Wednesday, October 8th. They issued an "outperform" rating and a $151.00 target price for the company. Finally, Wall Street Zen downgraded shares of AECOM from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $133.20.

Insider Activity

In related news, CEO Troy Rudd sold 53,097 shares of the firm'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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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