Vest Financial LLC lifted its stake in shares of AECOM (NYSE:ACM – Free Report) by 82.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 242,766 shares of the construction company’s stock after acquiring an additional 110,008 shares during the period. Vest Financial LLC’s holdings in AECOM were worth $31,674,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Orion Porfolio Solutions LLC grew its holdings in AECOM by 28,246.5% in the second quarter. Orion Porfolio Solutions LLC now owns 5,335,667 shares of the construction company’s stock worth $602,183,000 after purchasing an additional 5,316,844 shares during the period. Invesco Ltd. grew its stake in shares of AECOM by 79.1% in the 2nd quarter. Invesco Ltd. now owns 4,361,755 shares of the construction company’s stock valued at $492,268,000 after buying an additional 1,926,466 shares during the period. Norges Bank acquired a new stake in shares of AECOM in the 2nd quarter valued at about $200,879,000. International Assets Investment Management LLC bought a new stake in AECOM in the 2nd quarter valued at about $414,000. Finally, Hennessy Advisors Inc. bought a new stake in AECOM in the 3rd quarter valued at about $43,473,000. 85.41% of the stock is owned by institutional investors.
AECOM Price Performance
Shares of NYSE:ACM opened at $96.20 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.98. The stock has a market cap of $12.74 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 1.24 and a beta of 1.08. The stock’s fifty day simple moving average is $103.09 and its two-hundred day simple moving average is $116.99. AECOM has a 1-year low of $85.00 and a 1-year high of $135.52.
AECOM Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Wednesday, January 7th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 7th. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. This is an increase from AECOM’s previous quarterly dividend of $0.26. AECOM’s payout ratio is 29.45%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. KeyCorp reiterated an “overweight” rating and issued a $115.00 price target on shares of AECOM in a report on Wednesday, January 7th. Baird R W cut AECOM from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. 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 price target for the company. Robert W. Baird lowered their price objective on shares of AECOM from $144.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, November 19th. Finally, Truist Financial reduced their price objective on shares of AECOM from $148.00 to $126.00 and set a “buy” rating for the company in a report on Thursday, December 18th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.80.
Check Out Our Latest Analysis on AECOM
AECOM Profile
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
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- How a Family Trust May Be Able To Help Preserve Your Wealth
- Do not delete, read immediately
- A U.S. “birthright” claim worth trillions – activated quietly
- Executive Order 14330: Trump’s Biggest Yet
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.
