Danske Bank A S acquired a new stake in shares of AECOM (NYSE:ACM – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 56,195 shares of the construction company’s stock, valued at approximately $3,922,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of AECOM during the 2nd quarter valued at about $1,003,699,000. Orion Porfolio Solutions LLC lifted its holdings in shares of AECOM by 28,246.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 5,335,667 shares of the construction company’s stock worth $602,183,000 after acquiring an additional 5,316,844 shares during the last quarter. State Street Corp lifted its holdings in AECOM by 2.6% during the 3rd quarter. State Street Corp now owns 5,107,636 shares of the construction company’s stock worth $666,393,000 after buying an additional 127,036 shares in the last quarter. Invesco Ltd. increased its position in shares of AECOM by 14.2% in the 3rd quarter. Invesco Ltd. now owns 4,979,960 shares of the construction company’s stock valued at $649,735,000 after purchasing an additional 618,205 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in AECOM by 17.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,773,910 shares of the construction company’s stock valued at $264,437,000 after acquiring an additional 407,622 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.
AECOM Price Performance
ACM opened at $64.88 on Friday. The stock has a fifty day moving average price of $69.06 and a 200 day moving average price of $79.25. AECOM has a 1 year low of $60.35 and a 1 year high of $135.52. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 4.39 and a beta of 0.93.
AECOM Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, July 1st. AECOM’s payout ratio is currently 56.88%.
Insider Buying and Selling at AECOM
In other news, President Lara Poloni purchased 4,224 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was acquired at an average cost of $70.63 per share, with a total value of $298,341.12. Following the acquisition, the president owned 153,446 shares in the company, valued at approximately $10,837,890.98. This trade represents a 2.83% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.46% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. The Goldman Sachs Group set a $91.00 price target on AECOM in a research note on Wednesday, August 12th. Barclays decreased their price target on shares of AECOM from $90.00 to $73.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 12th. Robert W. Baird dropped their target price on AECOM from $73.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, August 14th. UBS Group set a $85.00 price target on AECOM in a report on Wednesday, August 12th. Finally, Zacks Research cut shares of AECOM from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.58.
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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