Edgestream Partners L.P. acquired a new position in shares of AECOM (NYSE:ACM – Free Report) in the first quarter, Holdings Channel.com reports. The fund acquired 11,494 shares of the construction company’s stock, valued at approximately $975,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas increased its stake in AECOM by 27.4% in the first quarter. Oddo BHF Asset Management Sas now owns 9,489 shares of the construction company’s stock valued at $805,000 after acquiring an additional 2,039 shares during the last quarter. South Dakota Investment Council raised its position in AECOM by 101.8% during the first quarter. South Dakota Investment Council now owns 32,311 shares of the construction company’s stock valued at $2,741,000 after purchasing an additional 16,300 shares in the last quarter. Amundi lifted its stake in AECOM by 16.2% during the first quarter. Amundi now owns 1,226,006 shares of the construction company’s stock worth $103,959,000 after purchasing an additional 170,926 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in AECOM by 355.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,048 shares of the construction company’s stock worth $89,000 after purchasing an additional 818 shares during the last quarter. Finally, Rithm Capital Corp. boosted its holdings in shares of AECOM by 70.8% in the 1st quarter. Rithm Capital Corp. now owns 10,250 shares of the construction company’s stock worth $869,000 after purchasing an additional 4,250 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.
AECOM Stock Performance
NYSE ACM opened at $75.87 on Wednesday. The company has a 50-day simple moving average of $70.07 and a two-hundred day simple moving average of $81.89. 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 12-month low of $66.28 and a 12-month high of $135.52. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 0.91 and a beta of 0.93.
AECOM Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Wednesday, July 1st were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, July 1st. AECOM’s dividend payout ratio (DPR) is presently 32.38%.
Insider Buying and Selling
In related news, President Lara Poloni acquired 4,224 shares of the stock in a transaction on Tuesday, June 16th. The stock was purchased at an average price of $70.63 per share, for a total transaction of $298,341.12. Following the completion of the transaction, the president owned 153,446 shares of the company’s stock, valued at $10,837,890.98. This trade represents a 2.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Gaurav Kapoor acquired 1,420 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $71.12 per share, with a total value of $100,990.40. Following the purchase, 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 position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 9,869 shares of company stock worth $699,391 in the last ninety days. 0.46% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on ACM shares. Robert W. Baird reduced their price objective on AECOM from $98.00 to $91.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Citigroup restated a “buy” rating on shares of AECOM in a research report on Thursday, July 23rd. KeyCorp cut their target price on AECOM from $115.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Royal Bank Of Canada reduced their price target on shares of AECOM from $111.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Finally, Truist Financial decreased their price target on shares of AECOM from $109.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.82.
Read 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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