Ritholtz Wealth Management Purchases Shares of 7,548 AECOM $ACM

Ritholtz Wealth Management purchased a new stake in shares of AECOM (NYSE:ACM) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 7,548 shares of the construction company’s stock, valued at approximately $852,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACM. Nuveen LLC bought a new position in AECOM during the 1st quarter valued at approximately $78,900,000. The Manufacturers Life Insurance Company raised its position in AECOM by 421.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company’s stock valued at $86,821,000 after purchasing an additional 756,859 shares during the last quarter. Northern Trust Corp raised its position in AECOM by 33.2% during the 1st quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company’s stock valued at $205,713,000 after purchasing an additional 553,519 shares during the last quarter. Strs Ohio bought a new position in AECOM during the 1st quarter valued at approximately $24,732,000. Finally, Amundi raised its position in AECOM by 16.6% during the 1st quarter. Amundi now owns 1,683,266 shares of the construction company’s stock valued at $156,096,000 after purchasing an additional 239,608 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

AECOM stock opened at $131.07 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $17.36 billion, a P/E ratio of 28.56, a PEG ratio of 1.77 and a beta of 1.03. The stock’s 50 day moving average is $126.97 and its 200 day moving average is $113.96. AECOM has a twelve month low of $85.00 and a twelve month high of $133.85.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.09. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, equities research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Wednesday, October 1st were paid a $0.26 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. AECOM’s dividend payout ratio is presently 22.66%.

Insider Buying and Selling at AECOM

In related news, CEO Troy Rudd sold 53,097 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. KeyCorp increased their target price on AECOM from $129.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Bank of America increased their target price on AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Citigroup reissued a “buy” rating and issued a $137.00 target price (up previously from $122.00) on shares of AECOM in a research report on Monday, July 28th. UBS Group increased their target price on AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Barclays increased their target price on AECOM from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Eleven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $133.20.

AECOM Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.