Vestmark Advisory Solutions Inc. Takes Position in AECOM $ACM

Vestmark Advisory Solutions Inc. acquired a new stake in AECOM (NYSE:ACM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,204 shares of the construction company’s stock, valued at approximately $249,000.

Other hedge funds have also recently added to or reduced their stakes in the company. TCTC Holdings LLC grew its stake in shares of AECOM by 120.3% during the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock valued at $28,000 after buying an additional 166 shares during the period. MAI Capital Management purchased a new stake in AECOM during the first quarter valued at about $28,000. Caitong International Asset Management Co. Ltd increased its stake in AECOM by 212.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of AECOM in the 1st quarter worth about $33,000. Finally, Eastern Bank acquired a new position in shares of AECOM in the 1st quarter valued at about $49,000. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Stock Up 1.0%

ACM stock opened at $134.09 on Thursday. The firm’s 50-day moving average is $130.46 and its two-hundred day moving average is $119.05. The company has a market capitalization of $17.76 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. AECOM has a 52 week low of $85.00 and a 52 week high of $135.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

AECOM Announces Dividend

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

Insiders Place Their Bets

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $119.56, for a total transaction of $6,348,277.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ACM. National Bank Financial initiated coverage on AECOM in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $151.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of AECOM in a research note on Wednesday, October 8th. Bank of America raised their price target on shares of AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. UBS Group boosted their price objective on shares of AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Truist Financial lifted their target price on AECOM from $128.00 to $146.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating, According to MarketBeat.com, AECOM currently has a consensus rating of “Buy” and an average price target of $137.30.

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.