HB Wealth Management LLC Trims Stock Position in AECOM $ACM

HB Wealth Management LLC trimmed its stake in AECOM (NYSE:ACM) by 21.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,566 shares of the construction company’s stock after selling 981 shares during the period. HB Wealth Management LLC’s holdings in AECOM were worth $402,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. OneDigital Investment Advisors LLC bought a new position in AECOM in the first quarter worth about $256,000. Private Trust Co. NA boosted its position in AECOM by 37.2% during the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock valued at $38,000 after acquiring an additional 112 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of AECOM by 3.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company’s stock worth $722,000 after acquiring an additional 286 shares during the period. Goldman Sachs Group Inc. raised its position in shares of AECOM by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,080,814 shares of the construction company’s stock worth $100,224,000 after acquiring an additional 36,804 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of AECOM by 170.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company’s stock worth $2,461,000 after acquiring an additional 16,718 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

Analysts Set New Price Targets

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

AECOM Stock Down 0.6%

NYSE ACM opened at $128.86 on Monday. AECOM has a 52 week low of $85.00 and a 52 week high of $133.81. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $17.07 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 1.74 and a beta of 1.03. The stock’s 50-day moving average price is $123.76 and its 200-day moving average price is $111.53.

AECOM (NYSE:ACM) last released its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.09. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the firm posted $1.16 EPS. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, equities research analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Wednesday, October 1st will be paid 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 dividend yield of 0.8%. AECOM’s payout ratio is 22.66%.

Insiders Place Their Bets

In related news, CEO Troy Rudd sold 53,097 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $119.56, for a total value of $6,348,277.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate 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.