AECOM $ACM Stake Trimmed by AlphaQuest LLC

AlphaQuest LLC lessened its position in AECOM (NYSE:ACM) by 89.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,173 shares of the construction company’s stock after selling 19,425 shares during the quarter. AlphaQuest LLC’s holdings in AECOM were worth $245,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC grew its position in AECOM by 120.3% during the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. MAI Capital Management acquired a new position in shares of AECOM in the 1st quarter valued at about $28,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of AECOM by 212.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company’s stock valued at $29,000 after purchasing an additional 215 shares during the period. SVB Wealth LLC purchased a new stake in shares of AECOM in the first quarter worth approximately $33,000. Finally, Private Trust Co. NA boosted its holdings 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 purchasing an additional 112 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Trading Up 0.6%

Shares of NYSE:ACM opened at $134.42 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s 50-day moving average is $129.43 and its 200-day moving average is $117.01. The company has a market cap of $17.80 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.96 and a beta of 1.03. AECOM has a 52-week low of $85.00 and a 52-week high of $135.00.

AECOM (NYSE:ACM) last announced its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.09. The business 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 was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Equities research analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. AECOM’s dividend payout ratio (DPR) is currently 22.66%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Citigroup boosted their price objective on shares of AECOM from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, October 20th. National Bank Financial initiated coverage on shares of AECOM in a report on Wednesday, October 8th. They set an “outperform” rating and a $151.00 price target on the stock. Wall Street Zen downgraded shares of AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Bank of America lifted their price objective on AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of AECOM in a research note on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $137.30.

Insiders Place Their Bets

In other news, CEO Troy Rudd sold 53,097 shares of the company’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 value of $6,348,277.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

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.