MGO One Seven LLC Invests $231,000 in AECOM $ACM

Key Points

• MGO One Seven LLC has invested approximately $231,000 in AECOM by purchasing 2,043 shares during the second quarter.
• AECOM's stock has received mixed analyst ratings, including a downgrade to "hold" from Wall Street Zen and increases in target prices from analysts at Bank of America and KeyCorp.
• The company announced a quarterly dividend of $0.26 per share, representing a 0.8% dividend yield and a payout ratio of 22.66%.

MGO One Seven LLC purchased a new position in shares of AECOM (NYSE:ACM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,043 shares of the construction company's stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC lifted its stake in AECOM by 1.9% in the second quarter. CWM LLC now owns 7,861 shares of the construction company's stock valued at $887,000 after buying an additional 144 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in AECOM by 14.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,047 shares of the construction company's stock valued at $1,472,000 after buying an additional 1,614 shares during the period. Aberdeen Group plc lifted its stake in AECOM by 64.6% in the second quarter. Aberdeen Group plc now owns 7,783 shares of the construction company's stock valued at $878,000 after buying an additional 3,054 shares during the period. IFP Advisors Inc lifted its stake in AECOM by 80.9% in the second quarter. IFP Advisors Inc now owns 2,124 shares of the construction company's stock valued at $248,000 after buying an additional 950 shares during the period. Finally, Callan Family Office LLC acquired a new position in AECOM in the second quarter valued at approximately $254,000. 85.41% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ACM has been the topic of several recent analyst reports. Wall Street Zen lowered AECOM from a "buy" rating to a "hold" rating in a research note on Saturday, October 11th. Bank of America upped their target price on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. KeyCorp upped their target price on AECOM from $131.00 to $144.00 and gave the stock an "overweight" rating in a research report on Monday. National Bank Financial assumed coverage on AECOM in a research report on Wednesday, October 8th. They set an "outperform" rating and a $151.00 target price on the stock. Finally, Barclays upped their target price on AECOM from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday. Eleven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, AECOM presently has a consensus rating of "Buy" and a consensus target price of $137.30.

AECOM Trading Up 2.3%

NYSE ACM opened at $133.82 on Tuesday. The firm has a market capitalization of $17.72 billion, a P/E ratio of 29.16, a PEG ratio of 1.88 and a beta of 1.03. The business has a fifty day simple moving average of $127.27 and a 200 day simple moving average of $114.42. AECOM has a 12 month low of $85.00 and a 12 month high of $134.51. 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 (NYSE:ACM - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the prior year, the company earned $1.16 EPS. The business's revenue for the quarter was up 6.2% on a year-over-year basis. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. AECOM's dividend payout ratio (DPR) is currently 22.66%.

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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