Wellington Management Group LLP Has $1.49 Million Position in AECOM $ACM

Wellington Management Group LLP increased its stake in AECOM (NYSE:ACM) by 27.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 16,056 shares of the construction company’s stock after purchasing an additional 3,454 shares during the quarter. Wellington Management Group LLP’s holdings in AECOM were worth $1,489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACM. Nuveen LLC acquired a new stake in AECOM in the 1st quarter worth approximately $78,900,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in AECOM by 34.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company’s stock worth $286,305,000 after purchasing an additional 691,020 shares during the last quarter. Northern Trust Corp lifted its holdings in AECOM by 33.2% in the 1st quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company’s stock worth $205,713,000 after purchasing an additional 553,519 shares during the last quarter. Citigroup Inc. lifted its holdings in AECOM by 33.4% in the 1st quarter. Citigroup Inc. now owns 680,059 shares of the construction company’s stock worth $63,062,000 after purchasing an additional 170,235 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in AECOM in the 4th quarter worth approximately $16,957,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $119.56, for a total value of $6,348,277.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by company insiders.

Analyst Ratings Changes

ACM has been the subject of a number of research analyst reports. Barclays upped their price target on AECOM from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Citigroup reaffirmed a “buy” rating and set a $137.00 target price (up previously from $122.00) on shares of AECOM in a research report on Monday, July 28th. Bank of America boosted their target price on shares of AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. KeyCorp boosted their target price on shares of AECOM from $129.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised shares of AECOM from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, AECOM currently has a consensus rating of “Buy” and an average price target of $128.44.

AECOM Stock Performance

ACM opened at $124.97 on Monday. The stock has a market cap of $16.55 billion, a PE ratio of 27.23, a P/E/G ratio of 1.85 and a beta of 0.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. AECOM has a 1 year low of $85.00 and a 1 year high of $126.29. The stock’s 50 day simple moving average is $116.54 and its 200-day simple moving average is $106.08.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share (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 business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the previous year, the business posted $1.16 earnings per share. AECOM’s quarterly revenue was up 6.2% on a year-over-year basis. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Sell-side analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, July 2nd. AECOM’s dividend payout ratio is 22.66%.

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.