AECOM $ACM Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in AECOM (NYSE:ACM) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,863 shares of the construction company’s stock after selling 685 shares during the period. State of Alaska Department of Revenue’s holdings in AECOM were worth $1,677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Perigon Wealth Management LLC lifted its stake in shares of AECOM by 3.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 46,191 shares of the construction company’s stock valued at $5,213,000 after purchasing an additional 1,631 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of AECOM by 0.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 41,082 shares of the construction company’s stock valued at $4,637,000 after purchasing an additional 329 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of AECOM by 24.1% in the 2nd quarter. Ballentine Partners LLC now owns 6,614 shares of the construction company’s stock valued at $746,000 after purchasing an additional 1,283 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of AECOM by 17.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,871 shares of the construction company’s stock valued at $211,000 after purchasing an additional 282 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of AECOM by 5.0% in the 2nd quarter. Park Avenue Securities LLC now owns 10,240 shares of the construction company’s stock valued at $1,156,000 after purchasing an additional 488 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AECOM

In related news, CEO Troy Rudd sold 53,097 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was 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 Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ACM shares. Citigroup reaffirmed a “buy” rating and issued a $137.00 price objective (up from $122.00) on shares of AECOM in a research note on Monday, July 28th. Weiss Ratings reissued a “buy (b)” rating on shares of AECOM in a research report on Saturday, September 27th. Barclays boosted their price target on AECOM from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. UBS Group boosted their price target on AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised AECOM from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Ten research analysts have rated the stock with a Buy rating, According to MarketBeat, AECOM presently has an average rating of “Buy” and an average price target of $128.44.

AECOM Price Performance

Shares of NYSE ACM opened at $128.86 on Friday. AECOM has a twelve month low of $85.00 and a twelve month high of $133.81. 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 company has a market capitalization 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. The business has a 50 day simple moving average of $123.76 and a 200-day simple moving average of $111.31.

AECOM (NYSE:ACM) last issued 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. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the business earned $1.16 EPS. The business’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. As a group, equities research analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

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

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.