Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in AECOM (NYSE:ACM – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,700 shares of the construction company’s stock, valued at approximately $1,235,000.
Several other hedge funds also recently added to or reduced their stakes in ACM. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in AECOM by 86.7% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 280 shares of the construction company’s stock worth $27,000 after acquiring an additional 130 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of AECOM by 95.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 295 shares of the construction company’s stock valued at $28,000 after purchasing an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of AECOM by 189.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company’s stock valued at $34,000 after purchasing an additional 195 shares during the last quarter. Intesa Sanpaolo Wealth Management purchased a new position in shares of AECOM during the 4th quarter worth $38,000. Finally, Western Wealth Management LLC purchased a new position in shares of AECOM during the 1st quarter worth $36,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.
AECOM Price Performance
Shares of ACM opened at $69.49 on Friday. AECOM has a fifty-two week low of $60.35 and a fifty-two week high of $135.52. The firm’s 50 day moving average price is $68.68 and its 200 day moving average price is $78.14. The company has a market cap of $8.94 billion, a P/E ratio of 31.88, a PEG ratio of 4.66 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11.
AECOM Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Wednesday, July 1st were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, July 1st. AECOM’s dividend payout ratio (DPR) is presently 56.88%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on ACM shares. Citigroup reduced their price objective on shares of AECOM from $97.00 to $84.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Barclays dropped their price target on shares of AECOM from $90.00 to $73.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. Robert W. Baird reduced their price target on shares of AECOM from $73.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, August 14th. Truist Financial restated a “buy” rating and issued a $85.00 price objective (down from $102.00) on shares of AECOM in a report on Wednesday, August 12th. Finally, Weiss Ratings lowered AECOM from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $89.58.
View Our Latest Analysis on AECOM
Insider Transactions at AECOM
In related news, President Lara Poloni bought 4,224 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average cost of $70.63 per share, for a total transaction of $298,341.12. Following the completion of the acquisition, the president owned 153,446 shares in the company, valued at approximately $10,837,890.98. This trade represents a 2.83% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.
About AECOM
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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