Virtu Financial LLC boosted its stake in AECOM (NYSE:ACM – Free Report) by 140.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,764 shares of the construction company’s stock after buying an additional 8,043 shares during the period. Virtu Financial LLC’s holdings in AECOM were worth $1,312,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Orion Porfolio Solutions LLC raised its position in shares of AECOM by 28,246.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 5,335,667 shares of the construction company’s stock worth $602,183,000 after buying an additional 5,316,844 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of AECOM by 105.3% in the 3rd quarter. First Trust Advisors LP now owns 4,216,372 shares of the construction company’s stock worth $550,110,000 after acquiring an additional 2,162,158 shares during the period. Norges Bank acquired a new stake in shares of AECOM in the 4th quarter worth approximately $205,499,000. PFA Pension Forsikringsaktieselskab bought a new position in shares of AECOM in the fourth quarter valued at approximately $67,553,000. Finally, Invesco Ltd. boosted its holdings in shares of AECOM by 14.2% in the third quarter. Invesco Ltd. now owns 4,979,960 shares of the construction company’s stock valued at $649,735,000 after acquiring an additional 618,205 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.
AECOM Stock Down 0.1%
NYSE ACM opened at $68.77 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.11 and a quick ratio of 1.11. The company’s 50 day simple moving average is $76.13 and its 200 day simple moving average is $88.50. AECOM has a 12 month low of $67.64 and a 12 month high of $135.52. The company has a market capitalization of $8.84 billion, a P/E ratio of 17.95, a PEG ratio of 0.84 and a beta of 0.93.
AECOM Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Wednesday, July 1st will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. AECOM’s dividend payout ratio is currently 32.38%.
Insider Activity
In related news, CFO Gaurav Kapoor bought 1,420 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $71.12 per share, for a total transaction of $100,990.40. Following the acquisition, the chief financial officer directly owned 88,053 shares of the company’s stock, valued at $6,262,329.36. The trade was a 1.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Lara Poloni bought 4,224 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average price of $70.63 per share, for a total transaction of $298,341.12. Following the completion of the acquisition, the president directly owned 153,446 shares in the company, valued at approximately $10,837,890.98. The trade was a 2.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 9,869 shares of company stock worth $699,391. Insiders own 0.46% of the company’s stock.
Analyst Upgrades and Downgrades
ACM has been the topic of a number of research analyst reports. Citigroup lowered their price objective on shares of AECOM from $130.00 to $98.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Royal Bank Of Canada cut their target price on AECOM from $142.00 to $111.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Barclays decreased their price target on AECOM from $110.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. Robert W. Baird lowered their price target on AECOM from $98.00 to $91.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Finally, KeyCorp dropped their price objective on AECOM from $115.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, AECOM presently has an average rating of “Moderate Buy” and a consensus target price of $116.00.
Read Our Latest Research Report on ACM
AECOM Profile
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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