Cetera Investment Advisers Sells 89,278 Shares of AECOM $ACM

Key Points

• Cetera Investment Advisers cut its AECOM stake by 71.7%, selling 89,278 shares and retaining 35,198 shares valued at approximately $2.99 million. Institutional investors collectively own 85.41% of AECOM.
• Analysts maintain a generally positive outlook, with nine Buy ratings and four Holds, producing a consensus rating of “Moderate Buy” and an average price target of $114.82, despite several recent target-price reductions.
• AECOM reported quarterly EPS of $1.59, narrowly exceeding estimates, while revenue rose 4.4% year over year to $3.80 billion. The company also declared a quarterly dividend of $0.31 per share, equivalent to a 1.7% yield.

Cetera Investment Advisers trimmed its position in shares of AECOM (NYSE:ACM - Free Report) by 71.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,198 shares of the construction company's stock after selling 89,278 shares during the quarter. Cetera Investment Advisers' holdings in AECOM were worth $2,985,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in AECOM during the 4th quarter worth approximately $205,499,000. Kingsview Wealth Management LLC bought a new position in shares of AECOM in the fourth quarter valued at approximately $2,057,000. Intech Investment Management LLC lifted its holdings in shares of AECOM by 39.5% in the fourth quarter. Intech Investment Management LLC now owns 154,065 shares of the construction company's stock valued at $14,687,000 after purchasing an additional 43,600 shares in the last quarter. Legal & General Group Plc boosted its position in shares of AECOM by 11.0% during the fourth quarter. Legal & General Group Plc now owns 463,295 shares of the construction company's stock valued at $44,166,000 after buying an additional 46,006 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of AECOM during the fourth quarter valued at approximately $3,559,000. 85.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings lowered AECOM from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, May 26th. Barclays cut their price objective on shares of AECOM from $110.00 to $90.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 19th. Robert W. Baird reduced their target price on shares of AECOM from $98.00 to $91.00 and set a "neutral" rating for the company in a research note on Tuesday, May 12th. Citigroup reiterated a "buy" rating on shares of AECOM in a report on Thursday, July 23rd. Finally, KeyCorp dropped their price target on shares of AECOM from $115.00 to $101.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 13th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, AECOM currently has an average rating of "Moderate Buy" and a consensus price target of $114.82.

Insider Buying and Selling

In other news, CFO Gaurav Kapoor acquired 1,420 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $71.12 per share, for a total transaction of $100,990.40. Following the purchase, the chief financial officer owned 88,053 shares of the company's stock, valued at approximately $6,262,329.36. The trade was a 1.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Lara Poloni acquired 4,224 shares of the company's stock in a transaction on Tuesday, June 16th. The shares were acquired at an average cost of $70.63 per share, for a total transaction of $298,341.12. Following the completion of the acquisition, the president owned 153,446 shares of the company's stock, valued at approximately $10,837,890.98. The trade was a 2.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 9,869 shares of company stock valued at $699,391. 0.46% of the stock is owned by insiders.

AECOM Stock Up 0.1%

ACM opened at $74.98 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.07. The stock has a market cap of $9.64 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 0.91 and a beta of 0.93. AECOM has a twelve month low of $66.28 and a twelve month high of $135.52. The company's 50-day moving average price is $70.21 and its two-hundred day moving average price is $81.55.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, May 11th. The construction company reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.01. AECOM had a net margin of 3.16% and a return on equity of 28.52%. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm earned $1.25 EPS. The company's revenue was up 4.4% compared to the same quarter last year. AECOM has set its FY 2026 guidance at 5.900-6.100 EPS. As a group, equities analysts expect that AECOM will post 5.97 earnings per share for the current year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.31 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. AECOM's dividend payout ratio is presently 32.38%.

About AECOM

AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.

AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.

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