Virtus Advisers LLC Buys New Shares in AECOM $ACM

Key Points

• Virtus Advisers LLC has acquired a new stake of 10,204 shares in AECOM, valued at approximately $946,000, making it the firm's 14th largest position.
• AECOM recently reported a quarterly earnings per share (EPS) of $1.34, exceeding estimates, with revenue of $1.94 billion, a 6.2% increase compared to the previous year.
• The company recently paid a quarterly dividend of $0.26, resulting in an annualized dividend yield of 0.8% and a payout ratio of 22.66%.

Virtus Advisers LLC acquired a new position in AECOM (NYSE:ACM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,204 shares of the construction company's stock, valued at approximately $946,000. AECOM makes up 1.2% of Virtus Advisers LLC's investment portfolio, making the stock its 14th biggest holding.

Other institutional investors also recently bought and sold shares of the company. TCTC Holdings LLC boosted its holdings in AECOM by 120.3% during 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. Caitong International Asset Management Co. Ltd raised its position in shares of AECOM by 212.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock worth $29,000 after acquiring an additional 215 shares in the last quarter. SVB Wealth LLC bought a new position in shares of AECOM in the 1st quarter worth approximately $33,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in AECOM during the 4th quarter valued at approximately $35,000. Finally, Private Trust Co. NA increased its position in AECOM by 37.2% during the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after buying an additional 112 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group raised their price target on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded AECOM from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Bank of America lifted their target price on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Barclays lifted their target price on AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. Finally, Robert W. Baird lifted their target price on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, AECOM currently has a consensus rating of "Buy" and a consensus price target of $128.44.

AECOM Trading Down 0.6%

Shares of NYSE:ACM traded down $0.77 during trading hours on Friday, hitting $124.97. 936,986 shares of the company's stock traded hands, compared to its average volume of 982,078. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $16.55 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 1.86 and a beta of 0.99. The business has a fifty day moving average price of $116.23 and a 200-day moving average price of $105.91. AECOM has a 1 year low of $85.00 and a 1 year high of $126.29.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.09. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%.AECOM's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Equities analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. AECOM's dividend payout ratio is currently 22.66%.

Insiders Place Their Bets

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

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.