Mutual of America Capital Management LLC Sells 2,500 Shares of AECOM $ACM

Key Points

• Mutual of America Capital Management LLC reduced its holdings in AECOM by 3.7%, selling 2,500 shares and leaving it with 65,795 shares valued at approximately $7.4 million.
• Analysts have set a consensus price target of $137.30 for AECOM, with ratings varying from "buy" to "outperform" from multiple firms, including Barclays and UBS Group.
• AECOM recently declared a quarterly dividend of $0.26 per share, equating to an annualized yield of 0.8% as of October 1st.

Mutual of America Capital Management LLC lessened its holdings in shares of AECOM (NYSE:ACM - Free Report) by 3.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,795 shares of the construction company's stock after selling 2,500 shares during the period. Mutual of America Capital Management LLC's holdings in AECOM were worth $7,426,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ACM. TCTC Holdings LLC grew its position in shares of AECOM by 120.3% in the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after buying an additional 166 shares during the last quarter. MAI Capital Management bought a new stake in AECOM in the first quarter valued at $28,000. Caitong International Asset Management Co. Ltd increased its position in AECOM by 212.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock valued at $29,000 after purchasing an additional 215 shares during the period. SVB Wealth LLC bought a new position in AECOM in the 1st quarter worth $33,000. Finally, Private Trust Co. NA raised its holdings in AECOM by 37.2% in the 1st 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. Hedge funds and other institutional investors own 85.41% of the company's stock.

Analysts Set New Price Targets

ACM has been the topic of a number of research reports. National Bank Financial began coverage on shares of AECOM in a research note on Wednesday, October 8th. They set an "outperform" rating and a $151.00 target price on the stock. Barclays lifted their price objective on AECOM from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday. UBS Group increased their target price on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered AECOM from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Finally, Bank of America upped their price target on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $137.30.

Insider Activity at AECOM

In other AECOM news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction on Friday, August 15th. The stock was sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by insiders.

AECOM Stock Performance

AECOM stock opened at $133.82 on Tuesday. AECOM has a twelve month low of $85.00 and a twelve month high of $134.51. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The company 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 stock's 50 day moving average is $127.27 and its 200 day moving average is $114.42.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the company posted $1.16 earnings per share. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, equities research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. AECOM's dividend payout ratio is presently 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.

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