AECOM $ACM Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its holdings in AECOM (NYSE:ACM - Free Report) by 10.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,890 shares of the construction company's stock after selling 10,966 shares during the period. Jacobs Levy Equity Management Inc. owned 0.07% of AECOM worth $9,077,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC lifted its holdings in AECOM by 120.3% in the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock valued at $28,000 after acquiring an additional 166 shares during the last quarter. MAI Capital Management acquired a new position in AECOM during the first quarter worth $28,000. Caitong International Asset Management Co. Ltd lifted its stake in AECOM by 212.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock worth $29,000 after purchasing an additional 215 shares in the last quarter. SVB Wealth LLC acquired a new position in AECOM during the first quarter worth $33,000. Finally, Private Trust Co. NA lifted its stake in AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after purchasing an additional 112 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACM has been the topic of a number of research reports. KeyCorp upped their price target on AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. UBS Group upped their price target on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Citigroup restated a "buy" rating and set a $137.00 price target (up from $122.00) on shares of AECOM in a research note on Monday, July 28th. Wall Street Zen cut AECOM from a "buy" rating to a "hold" rating in a research note on Saturday, September 6th. Finally, Bank of America upped their price objective on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, AECOM currently has an average rating of "Buy" and an average target price of $128.44.

Insider Buying and Selling

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $119.56, for a total transaction of $6,348,277.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by company insiders.

AECOM Stock Down 0.8%

NYSE:ACM traded down $1.04 during trading hours on Friday, hitting $126.62. The company's stock had a trading volume of 836,586 shares, compared to its average volume of 809,737. The stock has a market capitalization of $16.77 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. The stock has a fifty day moving average of $119.03 and a 200-day moving average of $107.88. 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 52-week low of $85.00 and a 52-week high of $128.04.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results 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 firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%.AECOM'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 company posted $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, equities analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

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

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.