Intech Investment Management LLC Increases Stock Holdings in AECOM $ACM

Key Points

• Intech Investment Management LLC increased its stake in AECOM by 89.9% in the first quarter, owning 152,547 shares worth approximately $14.1 million as of its recent SEC filing.
• CEO Troy Rudd sold over 53,000 shares of AECOM stock for approximately $6.35 million in mid-August, indicating insider activity despite insiders holding just 0.41% of the stock.
• Analysts maintain a Buy rating for AECOM, with target prices raised by several firms, indicating positive sentiment around the company's future performance.

Intech Investment Management LLC boosted its stake in shares of AECOM (NYSE:ACM - Free Report) by 89.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 152,547 shares of the construction company's stock after acquiring an additional 72,214 shares during the quarter. Intech Investment Management LLC owned about 0.12% of AECOM worth $14,146,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC acquired a new stake in AECOM during the 1st quarter worth approximately $256,000. Private Trust Co. NA lifted its position in AECOM by 37.2% during 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. Cambridge Investment Research Advisors Inc. lifted its position in AECOM by 3.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company's stock worth $722,000 after acquiring an additional 286 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of AECOM by 170.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company's stock valued at $2,461,000 after buying an additional 16,718 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in shares of AECOM by 32.7% in the 1st quarter. Brown Advisory Inc. now owns 3,956 shares of the construction company's stock valued at $367,000 after buying an additional 975 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Price Performance

AECOM stock traded up $1.59 during mid-day trading on Monday, hitting $128.19. 501,404 shares of the company were exchanged, compared to its average volume of 974,179. 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 business's 50 day simple moving average is $119.03 and its two-hundred day simple moving average is $107.95. The company has a market capitalization of $16.98 billion, a P/E ratio of 27.92, a PEG ratio of 1.88 and a beta of 0.99. AECOM has a 12-month low of $85.00 and a 12-month high of $128.70.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, topping 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%.AECOM's revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.04 annualized dividend and a yield of 0.8%. AECOM's dividend payout ratio (DPR) is presently 22.66%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ACM. Barclays raised their price target on AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. UBS Group raised their price target on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Bank of America raised their price target on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Wall Street Zen cut AECOM from a "buy" rating to a "hold" rating in a report on Saturday, September 6th. Finally, KeyCorp raised their price target on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $128.44.

Insiders Place Their Bets

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the firm's stock in a transaction 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 this hyperlink. Insiders own 0.41% of the company's stock.

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.