Keeler Thomas Management LLC Invests $1.40 Million in AECOM $ACM

Keeler Thomas Management LLC purchased a new stake in AECOM (NYSE:ACM) in the 2nd quarter, HoldingsChannel reports. The fund purchased 12,437 shares of the construction company’s stock, valued at approximately $1,404,000.

Several other hedge funds have also made changes to their positions in ACM. MAI Capital Management acquired a new position in AECOM in the 1st quarter valued at approximately $28,000. TCTC Holdings LLC raised its position in AECOM by 120.3% in the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in AECOM by 212.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company’s stock worth $29,000 after purchasing an additional 215 shares in the last quarter. SVB Wealth LLC acquired a new position in AECOM in the first quarter worth about $33,000. Finally, Private Trust Co. NA raised its position 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 in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Insider Transactions at AECOM

In other 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 transaction of $6,348,277.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.41% of the stock is currently owned by insiders.

AECOM Stock Up 0.3%

Shares of ACM opened at $132.93 on Friday. The firm has a market cap of $17.61 billion, a P/E ratio of 28.96, a P/E/G ratio of 1.95 and a beta of 1.03. AECOM has a 1 year low of $85.00 and a 1 year high of $134.88. 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 stock has a 50 day simple moving average of $128.22 and a two-hundred day simple moving average of $115.30.

AECOM (NYSE:ACM) last announced its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the prior year, the company earned $1.16 earnings per share. The firm’s revenue for the quarter 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, analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. AECOM’s payout ratio is presently 22.66%.

Analyst Ratings Changes

ACM has been the subject of several analyst reports. KeyCorp lifted their price target on shares of AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a report on Monday. National Bank Financial started coverage on shares of AECOM in a research note on Wednesday, October 8th. They set an “outperform” rating and a $151.00 price objective on the stock. UBS Group increased their price objective on shares of AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. 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 report on Wednesday, October 8th. Finally, Citigroup boosted their price target on shares of AECOM from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Monday. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $137.30.

AECOM 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.