Pure Financial Advisors LLC Buys Shares of 2,098 AECOM $ACM

Key Points

• Pure Financial Advisors LLC acquired 2,098 shares of AECOM valued at approximately $237,000 during the second quarter.
• Institutional investors and hedge funds own 85.41% of AECOM's stock, indicating significant interest from large investors.
• A number of analysts have upgraded AECOM's stock, with price targets reaching as high as $139.00 and an average rating of "Buy" among analysts.

Pure Financial Advisors LLC purchased a new position in AECOM (NYSE:ACM - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,098 shares of the construction company's stock, valued at approximately $237,000.

A number of other hedge funds have also made changes to their positions in the stock. Northern Trust Corp boosted its position in AECOM by 33.2% during the first quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company's stock worth $205,713,000 after purchasing an additional 553,519 shares during the period. Amundi lifted its stake in shares of AECOM by 16.6% in the first quarter. Amundi now owns 1,683,266 shares of the construction company's stock worth $156,096,000 after buying an additional 239,608 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of AECOM by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,261,386 shares of the construction company's stock worth $116,961,000 after buying an additional 55,466 shares during the period. Deutsche Bank AG grew its stake in AECOM by 2.7% in the 1st quarter. Deutsche Bank AG now owns 1,144,329 shares of the construction company's stock valued at $106,114,000 after buying an additional 29,748 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in AECOM by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,080,814 shares of the construction company's stock valued at $100,224,000 after buying an additional 36,804 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

Insiders Place Their Bets

In related news, CEO Troy Rudd sold 53,097 shares of the stock in a transaction dated Friday, August 15th. The shares were 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 the SEC website. 0.41% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ACM shares. Bank of America upped their price target on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Wall Street Zen upgraded AECOM from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Citigroup reaffirmed a "buy" rating and issued a $137.00 price target (up from $122.00) on shares of AECOM in a research report on Monday, July 28th. Weiss Ratings reissued a "buy (b)" rating on shares of AECOM in a research report on Saturday, September 27th. Finally, UBS Group raised their price objective on shares of AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Ten analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $128.44.

AECOM Price Performance

Shares of NYSE:ACM opened at $128.86 on Friday. The firm has a market capitalization of $17.07 billion, a PE ratio of 28.07, a PEG ratio of 1.74 and a beta of 1.03. 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 1-year low of $85.00 and a 1-year high of $133.81. The business's 50 day moving average is $123.76 and its 200-day moving average is $111.42.

AECOM (NYSE:ACM - Get Free Report) last issued 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 firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $4.33 billion. During the same period last year, the business earned $1.16 earnings per share. AECOM'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. Sell-side analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

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 paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. AECOM's 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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