Entropy Technologies LP acquired a new stake in AECOM (NYSE:ACM – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 35,614 shares of the construction company’s stock, valued at approximately $3,395,000.
Several other hedge funds also recently modified their holdings of the stock. Aigen Investment Management LP bought a new position in shares of AECOM in the 4th quarter valued at about $2,536,000. FORA Capital LLC acquired a new stake in shares of AECOM in the 4th quarter valued at approximately $738,000. Kestra Advisory Services LLC boosted its holdings in shares of AECOM by 7.3% in the 4th quarter. Kestra Advisory Services LLC now owns 28,017 shares of the construction company’s stock valued at $2,671,000 after buying an additional 1,916 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of AECOM by 13,673.1% in the 4th quarter. Marshall Wace LLP now owns 461,674 shares of the construction company’s stock valued at $44,011,000 after buying an additional 458,322 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of AECOM by 18.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,032,088 shares of the construction company’s stock valued at $98,389,000 after buying an additional 163,004 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.
AECOM Price Performance
Shares of NYSE ACM opened at $70.06 on Monday. The business’s 50 day moving average price is $77.66 and its two-hundred day moving average price is $89.62. The company has a market cap of $9.00 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.07. AECOM has a twelve month low of $67.64 and a twelve month high of $135.52.
AECOM Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, July 1st. AECOM’s payout ratio is 32.38%.
Insider Buying and Selling
In other news, CEO Troy Rudd acquired 4,225 shares of AECOM stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $71.02 per share, for a total transaction of $300,059.50. Following the completion of the acquisition, the chief executive officer directly owned 142,207 shares in the company, valued at approximately $10,099,541.14. The trade was a 3.06% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Gaurav Kapoor acquired 1,420 shares of AECOM stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $71.12 per share, with a total value 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. This trade represents a 1.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.46% of the stock is owned by insiders.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. Weiss Ratings downgraded AECOM from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Robert W. Baird cut their price objective on AECOM from $98.00 to $91.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Royal Bank Of Canada cut their price objective on AECOM from $142.00 to $111.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. KeyCorp cut their price objective on AECOM from $115.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Finally, Barclays reduced their price target on AECOM from $110.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, May 19th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.00.
Check Out Our Latest Stock Report on AECOM
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.
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