7,548 Shares in AECOM $ACM Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management bought a new position in shares of AECOM (NYSE:ACM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,548 shares of the construction company’s stock, valued at approximately $852,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC purchased a new position in AECOM during the first quarter worth about $256,000. Private Trust Co. NA grew its position in AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock worth $38,000 after buying an additional 112 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in AECOM by 3.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company’s stock worth $722,000 after buying an additional 286 shares in the last quarter. Goldman Sachs Group Inc. grew its position in 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in 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 in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Bank of America boosted their target price on AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Wall Street Zen cut AECOM from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. UBS Group upped their price objective on AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Citigroup reiterated a “buy” rating and issued a $137.00 price objective (up from $122.00) on shares of AECOM in a report on Monday, July 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of AECOM in a report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $133.20.

AECOM Trading Up 0.1%

NYSE ACM opened at $131.07 on Friday. AECOM has a 1-year low of $85.00 and a 1-year high of $133.85. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average of $126.97 and a 200-day moving average of $113.96. The firm has a market cap of $17.36 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 1.77 and a beta of 1.03.

AECOM (NYSE:ACM) last released its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share 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 analyst estimates of $4.33 billion. During the same quarter in the previous year, the company posted $1.16 EPS. AECOM’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. As a group, sell-side analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, October 1st. AECOM’s payout ratio is 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 stock was sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.41% of the company’s stock.

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.