AECOM $ACM Holdings Cut by Ethic Inc.

Ethic Inc. decreased its stake in AECOM (NYSE:ACM) by 5.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,743 shares of the construction company’s stock after selling 1,444 shares during the quarter. Ethic Inc.’s holdings in AECOM were worth $2,791,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACM. Wealth Enhancement Advisory Services LLC lifted its position in 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 buying an additional 16,718 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in AECOM by 3.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company’s stock worth $722,000 after buying an additional 286 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in AECOM by 63.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 15,657 shares of the construction company’s stock worth $1,452,000 after buying an additional 6,100 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in AECOM by 3.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 111,206 shares of the construction company’s stock worth $10,312,000 after buying an additional 3,362 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in AECOM by 3.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 101,196 shares of the construction company’s stock worth $9,384,000 after buying an additional 3,258 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

ACM has been the subject of a number of research analyst reports. National Bank Financial initiated coverage on shares of AECOM in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $151.00 target price for the company. Wall Street Zen downgraded shares of AECOM from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. KeyCorp raised their price target on shares of AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a report on Monday. Citigroup raised their price target on shares of AECOM from $140.00 to $150.00 and gave the company a “buy” rating in a report on Monday. Finally, Barclays raised their price target on shares of AECOM from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, AECOM currently has an average rating of “Buy” and an average target price of $137.30.

Insider Buying and Selling

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 value of $6,348,277.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is owned by company insiders.

AECOM Stock Performance

Shares of ACM opened at $132.93 on Friday. The company has a market capitalization of $17.61 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 1.95 and a beta of 1.03. AECOM has a one year low of $85.00 and a one year high of $134.88. 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 company’s fifty day moving average price is $128.22 and its 200 day moving average price is $115.30.

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

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Wednesday, October 1st were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, October 1st. AECOM’s dividend payout ratio (DPR) is 22.66%.

AECOM 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.