PDT Partners LLC purchased a new stake in AECOM (NYSE:ACM – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 172,729 shares of the construction company’s stock, valued at approximately $12,056,000. PDT Partners LLC owned about 0.13% of AECOM as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of ACM. Value Holdings Management CO. LLC acquired a new stake in shares of AECOM during the second quarter worth approximately $10,788,000. Kingsview Wealth Management LLC acquired a new stake in AECOM in the fourth quarter valued at $2,057,000. Norges Bank acquired a new stake in AECOM in the fourth quarter valued at $205,499,000. BlackRock Inc. bought a new position in AECOM during the 2nd quarter valued at $1,003,699,000. Finally, Intech Investment Management LLC boosted its stake in AECOM by 39.5% during the 4th quarter. Intech Investment Management LLC now owns 154,065 shares of the construction company’s stock valued at $14,687,000 after acquiring an additional 43,600 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.
AECOM Stock Performance
Shares of ACM opened at $62.75 on Wednesday. The stock has a market capitalization of $8.08 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The business’s fifty day moving average price is $68.80 and its 200 day moving average price is $78.68. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. AECOM has a 12-month low of $60.35 and a 12-month high of $135.52.
AECOM Dividend Announcement
The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, July 1st. AECOM’s dividend payout ratio is currently 56.88%.
Insider Buying and Selling at AECOM
In other AECOM news, President Lara Poloni acquired 4,224 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average price of $70.63 per share, for a total transaction of $298,341.12. Following the completion of the purchase, the president directly owned 153,446 shares in the company, valued at $10,837,890.98. The trade was a 2.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
ACM has been the subject of several research analyst reports. Robert W. Baird dropped their target price on shares of AECOM from $73.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, August 14th. Piper Sandler set a $79.00 price target on shares of AECOM in a research report on Wednesday, August 12th. The Goldman Sachs Group set a $91.00 price target on shares of AECOM in a research report on Wednesday, August 12th. Wall Street Zen downgraded AECOM from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Citigroup lowered their price objective on AECOM from $97.00 to $84.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, AECOM has an average rating of “Moderate Buy” and an average price target of $89.58.
Check Out Our Latest Analysis 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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