GSA Capital Partners LLP bought a new position in AECOM (NYSE:ACM – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,738 shares of the construction company’s stock, valued at approximately $680,000.
A number of other large investors have also bought and sold shares of ACM. Wedge Capital Management L L P NC increased its holdings in shares of AECOM by 12.1% in the second quarter. Wedge Capital Management L L P NC now owns 91,404 shares of the construction company’s stock valued at $6,380,000 after purchasing an additional 9,856 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of AECOM by 28.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 22,156 shares of the construction company’s stock valued at $1,546,000 after acquiring an additional 4,851 shares during the period. Byrne Asset Management LLC bought a new position in shares of AECOM during the second quarter worth $210,000. Somerset Trust Co lifted its holdings in AECOM by 8.3% during the second quarter. Somerset Trust Co now owns 4,292 shares of the construction company’s stock worth $300,000 after acquiring an additional 328 shares in the last quarter. Finally, CX Institutional lifted its holdings in shares of AECOM by 27.6% during the 2nd quarter. CX Institutional now owns 51,457 shares of the construction company’s stock valued at $3,592,000 after purchasing an additional 11,118 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.
AECOM Trading Up 5.3%
ACM opened at $64.97 on Thursday. The company’s 50 day moving average is $69.25 and its 200-day moving average is $79.57. The company has a market cap of $8.36 billion, a P/E ratio of 29.81, a PEG ratio of 4.16 and a beta of 0.93. AECOM has a 1-year low of $60.35 and a 1-year high of $135.52. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11.
AECOM Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. AECOM’s dividend payout ratio (DPR) is presently 56.88%.
Analyst Upgrades and Downgrades
ACM has been the subject of a number of research analyst reports. KeyCorp reduced their target price on shares of AECOM from $101.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Wall Street Zen cut shares of AECOM from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. Citigroup reduced their target price on AECOM from $97.00 to $84.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Truist Financial reiterated a “buy” rating and issued a $85.00 price target (down from $102.00) on shares of AECOM in a research note on Wednesday, August 12th. Finally, Piper Sandler set a $79.00 price objective on AECOM in a research report on Wednesday, August 12th. Nine equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.58.
View Our Latest Stock Analysis on ACM
Insider Transactions at AECOM
In related news, President Lara Poloni bought 4,224 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were purchased at an average cost of $70.63 per share, with a total value of $298,341.12. Following the acquisition, the president owned 153,446 shares of the company’s stock, valued at $10,837,890.98. This represents a 2.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.
AECOM Profile
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
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