1,942 Shares in AECOM $ACM Bought by QRG Capital Management Inc.

QRG Capital Management Inc. acquired a new position in shares of AECOM (NYSE:ACM) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,942 shares of the construction company’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cordatus Wealth Management LLC raised its holdings in shares of AECOM by 3.7% during the first quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company’s stock worth $266,000 after acquiring an additional 101 shares during the period. Pallas Capital Advisors LLC increased its stake in AECOM by 2.1% in the 2nd quarter. Pallas Capital Advisors LLC now owns 5,214 shares of the construction company’s stock valued at $588,000 after buying an additional 107 shares during the last quarter. Private Trust Co. NA increased 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 buying an additional 112 shares during the last quarter. Signaturefd LLC increased its stake in AECOM by 21.1% in the 2nd quarter. Signaturefd LLC now owns 707 shares of the construction company’s stock valued at $80,000 after buying an additional 123 shares during the last quarter. Finally, TCTC Holdings LLC increased 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 buying an additional 166 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. UBS Group lifted their price target on shares of AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Citigroup reiterated a “buy” rating and issued a $137.00 price target (up from $122.00) on shares of AECOM in a research note on Monday, July 28th. Truist Financial lifted their price target on shares of AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen lowered shares of AECOM from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of AECOM in a research note on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $133.20.

AECOM Stock Down 1.9%

AECOM stock opened at $128.85 on Monday. The firm has a market capitalization of $17.07 billion, a PE ratio of 28.07, a P/E/G ratio of 1.74 and a beta of 1.03. The company’s 50-day moving average is $125.53 and its 200-day moving average is $112.77. AECOM has a fifty-two week low of $85.00 and a fifty-two week 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) last released its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.09. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. AECOM’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Sell-side analysts anticipate 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. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. AECOM’s payout ratio is currently 22.66%.

Insider Buying and Selling at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were 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 SEC, which can be accessed through this link. 0.41% of the stock is owned by corporate insiders.

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.