AECOM $ACM Position Boosted by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in AECOM (NYSE:ACM) by 19.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,492 shares of the construction company’s stock after buying an additional 1,367 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in AECOM were worth $958,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TCTC Holdings LLC grew its holdings in AECOM by 120.3% in the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock worth $28,000 after buying an additional 166 shares in the last quarter. MAI Capital Management bought a new position in AECOM in the 1st quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd grew its holdings in AECOM by 212.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company’s stock worth $29,000 after buying an additional 215 shares in the last quarter. SVB Wealth LLC bought a new position in AECOM in the 1st quarter worth approximately $33,000. Finally, Private Trust Co. NA grew its holdings in AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock worth $38,000 after buying an additional 112 shares in the last quarter. 85.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup increased their price objective on AECOM from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Bank of America lifted their price target on AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Truist Financial lifted their price target on AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Barclays lifted their price target on AECOM from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, 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. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $137.30.

AECOM Stock Performance

ACM opened at $132.23 on Wednesday. The firm has a market cap of $17.51 billion, a PE ratio of 28.81, a P/E/G ratio of 1.95 and a beta of 1.03. 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 business has a fifty day simple moving average of $128.69 and a 200-day simple moving average of $116.17. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $134.88.

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

AECOM Dividend Announcement

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

Insider Buying and Selling at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of the firm’s stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by corporate insiders.

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.