QRG Capital Management Inc. purchased a new stake in AECOM (NYSE:ACM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,942 shares of the construction company's stock, valued at approximately $219,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. OneDigital Investment Advisors LLC acquired a new stake in shares of AECOM in the first quarter valued at approximately $256,000. Private Trust Co. NA increased its holdings in shares of AECOM by 37.2% in the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after purchasing an additional 112 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of AECOM by 3.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company's stock valued at $722,000 after purchasing an additional 286 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of AECOM by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,080,814 shares of the construction company's stock valued at $100,224,000 after purchasing an additional 36,804 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of AECOM by 170.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company's stock valued at $2,461,000 after purchasing an additional 16,718 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.
Insider Buying and Selling at AECOM
In other news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction on Friday, August 15th. The shares were sold at an average price of $119.56, for a total transaction of $6,348,277.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by corporate insiders.
AECOM Trading Down 1.9%
Shares of NYSE ACM opened at $128.85 on Monday. The company's fifty day moving average is $125.53 and its 200-day moving average is $112.77. The stock has a market cap of $17.07 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 1.74 and a beta of 1.03. AECOM has a twelve month low of $85.00 and a twelve month high of $133.81. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.
AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.09. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The business's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Equities research analysts predict that AECOM will post 5.1 EPS for the current year.
AECOM Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, October 1st. AECOM's dividend payout ratio (DPR) is currently 22.66%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on ACM shares. Truist Financial raised their price objective on shares of AECOM from $128.00 to $146.00 and gave the company a "buy" rating in a research note on Wednesday. Citigroup reaffirmed a "buy" rating and issued a $137.00 price objective (up from $122.00) on shares of AECOM in a research note on Monday, July 28th. National Bank Financial started coverage on shares of AECOM in a research note on Wednesday, October 8th. They issued an "outperform" rating and a $151.00 price objective on the stock. Barclays raised their price objective on shares of AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of AECOM in a research note on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $133.20.
Check Out Our Latest Research Report on ACM
AECOM Company Profile
(
Free Report)
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.
Further Reading
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