Strs Ohio Acquires New Shares in AECOM $ACM

Key Points

• Strs Ohio has acquired a new stake in AECOM, purchasing 266,706 shares valued at approximately $24.73 million, equating to about 0.20% ownership of the company.
• Several Wall Street analysts, including firms like Citigroup and KeyCorp, have updated their ratings and target prices for AECOM, with an average target price now set at $128.44 and a consensus rating of "Buy."
• AECOM recently declared a quarterly dividend of $0.26 per share, with an annual yield of 0.8%, to be paid on October 17th.

Strs Ohio acquired a new position in shares of AECOM (NYSE:ACM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 266,706 shares of the construction company's stock, valued at approximately $24,732,000. Strs Ohio owned about 0.20% of AECOM at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cordatus Wealth Management LLC raised its stake in shares of AECOM by 3.7% during the 1st quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company's stock worth $266,000 after purchasing an additional 101 shares in the last quarter. Private Trust Co. NA raised its stake in AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after acquiring an additional 112 shares during the period. Gateway Investment Advisers LLC raised its stake in AECOM by 7.8% in the 1st quarter. Gateway Investment Advisers LLC now owns 2,196 shares of the construction company's stock valued at $204,000 after acquiring an additional 158 shares during the period. TCTC Holdings LLC raised its stake in AECOM by 120.3% in the 1st 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 period. Finally, Mutual Advisors LLC raised its stake in AECOM by 3.8% in the 1st quarter. Mutual Advisors LLC now owns 4,609 shares of the construction company's stock valued at $449,000 after acquiring an additional 169 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Bank of America increased their price target on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. UBS Group increased their price target on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Citigroup restated a "buy" rating and issued a $137.00 price target (up previously from $122.00) on shares of AECOM in a research note on Monday, July 28th. Barclays increased their price target on AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Finally, KeyCorp upped their price objective on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $128.44.

AECOM Price Performance

Shares of NYSE ACM traded up $6.05 during mid-day trading on Thursday, reaching $132.94. The company had a trading volume of 594,325 shares, compared to its average volume of 977,890. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. AECOM has a one year low of $85.00 and a one year high of $133.35. The firm has a market cap of $17.61 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 1.89 and a beta of 0.99. The business's 50-day simple moving average is $119.76 and its 200 day simple moving average is $108.41.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping 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 company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $4.33 billion. During the same quarter last year, the business earned $1.16 earnings per share. AECOM's revenue 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, research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Wednesday, October 1st will be given a $0.26 dividend. The ex-dividend date is 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 (DPR) is presently 22.66%.

Insider Activity at AECOM

In related 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 value of $6,348,277.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.41% of the company's stock.

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.