Vest Financial LLC Grows Stake in AECOM $ACM

Key Points

• Vest Financial LLC significantly increased its stake in AECOM by 410.7%, owning 132,758 shares valued at approximately $14.98 million as of the end of the second quarter.
• Analysts have raised their price targets for AECOM, with recommendations ranging from a "buy" to "overweight" rating, resulting in an average price target of $133.20.
• AECOM has announced a quarterly dividend of $0.26 per share, reflecting an annualized dividend yield of 0.8%, to be paid on October 17th.

Vest Financial LLC grew its position in AECOM (NYSE:ACM - Free Report) by 410.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,758 shares of the construction company's stock after purchasing an additional 106,762 shares during the quarter. Vest Financial LLC owned about 0.10% of AECOM worth $14,983,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. OneDigital Investment Advisors LLC purchased a new position in AECOM in the first quarter worth $256,000. Private Trust Co. NA grew its holdings in AECOM by 37.2% in the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after purchasing an additional 112 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in AECOM by 3.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company's stock worth $722,000 after purchasing an additional 286 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of AECOM by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,080,814 shares of the construction company's stock worth $100,224,000 after buying an additional 36,804 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of AECOM by 170.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company's stock worth $2,461,000 after buying an additional 16,718 shares during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of AECOM in a research note on Wednesday, October 8th. Truist Financial lifted their price objective on shares of AECOM from $128.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Barclays lifted their price objective on shares of AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. Bank of America lifted their price objective on shares of AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, KeyCorp lifted their price objective on shares of AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $133.20.

Insider Buying and Selling at AECOM

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the company's 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.41% of the company's stock.

AECOM Trading Up 2.1%

NYSE ACM opened at $131.54 on Tuesday. The company has a market capitalization of $17.42 billion, a PE ratio of 28.66, a P/E/G ratio of 1.74 and a beta of 1.03. The company has a fifty day moving average of $125.92 and a 200 day moving average of $113.05. AECOM has a 1 year low of $85.00 and a 1 year high of $133.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results 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. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Research analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders 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 is 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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