AECOM $ACM Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its stake in shares of AECOM (NYSE:ACM) by 20.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,049 shares of the construction company’s stock after purchasing an additional 176 shares during the period. Farther Finance Advisors LLC’s holdings in AECOM were worth $118,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. TCTC Holdings LLC increased its position in shares of AECOM by 120.3% during the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock worth $28,000 after acquiring an additional 166 shares during the period. MAI Capital Management purchased a new stake in shares of AECOM during the first quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its position in shares of AECOM by 212.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company’s stock worth $29,000 after acquiring an additional 215 shares during the period. SVB Wealth LLC purchased a new stake in shares of AECOM during the first quarter worth $33,000. Finally, Private Trust Co. NA increased its position in shares of 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 acquiring an additional 112 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Trading Down 0.6%

Shares of ACM opened at $128.86 on Friday. 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 firm has a 50 day simple moving average of $123.76 and a 200-day simple moving average of $111.31. AECOM has a 1-year low of $85.00 and a 1-year high of $133.81. The stock has a market cap of $17.07 billion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03.

AECOM (NYSE:ACM) last announced its quarterly 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. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. AECOM’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Equities analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. AECOM’s payout ratio is presently 22.66%.

Wall Street Analysts Forecast Growth

ACM has been the topic of a number of recent research reports. KeyCorp upped their price objective on AECOM from $129.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Wall Street Zen raised AECOM from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Barclays increased their target price on AECOM from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, August 12th. Citigroup reissued a “buy” rating and issued a $137.00 target price (up previously from $122.00) on shares of AECOM in a report on Monday, July 28th. Finally, Bank of America increased their target price on AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, AECOM has an average rating of “Buy” and an average price target of $128.44.

Insider Buying and Selling at AECOM

In related news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction on Friday, August 15th. The shares were sold at an average price of $119.56, for a total transaction of $6,348,277.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

AECOM Company 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.