FORA Capital LLC increased its stake in shares of AECOM (NYSE:ACM - Free Report) by 58.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,844 shares of the construction company's stock after buying an additional 4,763 shares during the quarter. FORA Capital LLC's holdings in AECOM were worth $1,191,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. Virtus Advisers LLC acquired a new position in shares of AECOM during the first quarter valued at $946,000. Jump Financial LLC acquired a new position in AECOM during the 1st quarter valued at about $2,640,000. SVB Wealth LLC acquired a new position in AECOM during the 1st quarter valued at about $33,000. Compound Planning Inc. bought a new position in AECOM in the 1st quarter worth about $202,000. Finally, Sandhill Capital Partners LLC increased its stake in shares of AECOM by 41.4% in the first quarter. Sandhill Capital Partners LLC now owns 488,978 shares of the construction company's stock valued at $45,343,000 after purchasing an additional 143,228 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently issued reports on ACM. Wall Street Zen upgraded AECOM from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Bank of America lifted their target price on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. UBS Group boosted their price target on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada raised their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, KeyCorp lifted their price objective on shares of AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $128.44.
Check Out Our Latest Report on AECOM
Insider Buying and Selling at AECOM
In other news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction that occurred on Friday, August 15th. The shares were 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 SEC, which is available at this link. Company insiders own 0.41% of the company's stock.
AECOM Price Performance
NYSE ACM traded up $0.08 on Tuesday, reaching $124.97. 868,941 shares of the stock traded hands, compared to its average volume of 806,408. AECOM has a 12 month low of $85.00 and a 12 month high of $126.29. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 1.85 and a beta of 0.99. The firm's fifty day simple moving average is $117.06 and its 200 day simple moving average is $106.38. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.
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, topping analysts' consensus estimates of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The company 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 business earned $1.16 EPS. The company's quarterly 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. As a group, research analysts predict that AECOM will post 5.1 EPS for the current fiscal year.
AECOM Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's dividend payout ratio is presently 22.66%.
AECOM Profile
(
Free Report)
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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