Allspring Global Investments Holdings LLC purchased a new position in shares of AECOM (NYSE:ACM – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,772 shares of the construction company’s stock, valued at approximately $923,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Independent Financial Group LLC purchased a new position in AECOM in the 1st quarter valued at approximately $206,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in AECOM by 10.0% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 26,300 shares of the construction company’s stock worth $2,230,000 after purchasing an additional 2,400 shares in the last quarter. Principal Financial Group Inc. increased its holdings in AECOM by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 288,487 shares of the construction company’s stock worth $24,469,000 after purchasing an additional 3,682 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in AECOM during the 1st quarter worth about $235,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in AECOM in the 1st quarter valued at about $228,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.
AECOM Price Performance
Shares of ACM opened at $70.99 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.11 and a quick ratio of 1.11. AECOM has a 1-year low of $66.28 and a 1-year high of $135.52. The stock has a market cap of $9.12 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.86 and a beta of 0.93. The firm has a fifty day moving average price of $69.79 and a 200 day moving average price of $82.93.
AECOM Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.31 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. AECOM’s dividend payout ratio (DPR) is 32.38%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Royal Bank Of Canada lowered their price objective on AECOM from $111.00 to $105.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen downgraded shares of AECOM from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. Truist Financial lowered their price target on shares of AECOM from $109.00 to $102.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Citigroup reissued a “buy” rating on shares of AECOM in a research report on Thursday. Finally, Weiss Ratings lowered shares of AECOM from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, AECOM presently has an average rating of “Moderate Buy” and an average price target of $114.82.
View Our Latest Report on AECOM
Insider Activity
In other AECOM news, CEO Troy Rudd bought 4,225 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $71.02 per share, for a total transaction of $300,059.50. Following the completion of the purchase, the chief executive officer owned 142,207 shares of the company’s stock, valued at approximately $10,099,541.14. This represents a 3.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gaurav Kapoor purchased 1,420 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $71.12 per share, for a total transaction of $100,990.40. Following the acquisition, the chief financial officer owned 88,053 shares of the company’s stock, valued at approximately $6,262,329.36. The trade was a 1.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 9,869 shares of company stock valued at $699,391 in the last ninety days. 0.46% of the stock is currently owned by company insiders.
About AECOM
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
Featured Articles
- Five stocks we like better than AECOM
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
Want to see what other hedge funds are holding ACM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AECOM (NYSE:ACM – Free Report).
Receive News & Ratings for AECOM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AECOM and related companies with MarketBeat.com's FREE daily email newsletter.
