Moran Wealth Management LLC lifted its holdings in AECOM (NYSE:ACM – Free Report) by 34.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,309 shares of the construction company’s stock after purchasing an additional 13,233 shares during the quarter. Moran Wealth Management LLC’s holdings in AECOM were worth $4,352,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the business. Counterpoint Mutual Funds LLC acquired a new position in shares of AECOM during the 1st quarter valued at $549,000. Private Advisor Group LLC lifted its holdings in shares of AECOM by 20.5% in the first quarter. Private Advisor Group LLC now owns 18,336 shares of the construction company’s stock valued at $1,555,000 after buying an additional 3,121 shares during the period. Optas LLC acquired a new stake in shares of AECOM in the first quarter valued at $204,000. Leonteq Securities AG boosted its stake in AECOM by 490.8% during the first quarter. Leonteq Securities AG now owns 3,350 shares of the construction company’s stock valued at $284,000 after buying an additional 2,783 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in AECOM by 53.3% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 96,841 shares of the construction company’s stock valued at $8,214,000 after buying an additional 33,650 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.
AECOM Stock Down 0.2%
ACM stock opened at $67.62 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 firm has a market capitalization of $8.69 billion, a P/E ratio of 17.66, a P/E/G ratio of 0.82 and a beta of 0.93. AECOM has a 52-week low of $66.55 and a 52-week high of $135.52. The company’s 50 day simple moving average is $72.90 and its 200-day simple moving average is $86.23.
AECOM Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Wednesday, July 1st will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, July 1st. AECOM’s payout ratio is presently 32.38%.
Analyst Upgrades and Downgrades
ACM has been the topic of several recent research reports. Wall Street Zen upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, June 28th. KeyCorp cut their price objective on AECOM from $115.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Citigroup reduced their price objective on AECOM from $130.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Robert W. Baird decreased their target price on AECOM from $98.00 to $91.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Finally, Weiss Ratings lowered AECOM from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.36.
View Our Latest Analysis on ACM
Insider Buying and Selling
In other AECOM news, CEO Troy Rudd bought 4,225 shares of the stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $71.02 per share, with a total value of $300,059.50. Following the purchase, the chief executive officer directly owned 142,207 shares in the company, valued at $10,099,541.14. The trade was a 3.06% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Gaurav Kapoor bought 1,420 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price 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 in the company, valued at $6,262,329.36. This trade represents a 1.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 9,869 shares of company stock valued at $699,391. Corporate insiders own 0.46% of the company’s stock.
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.
Further Reading
- Five stocks we like better than AECOM
- These Stocks Could Win as Wall Street Looks Beyond AI Software
- D.R. Horton Is Defying the Housing Gloom
- Why Flywire and Airbnb Could Be Quiet Winners of a Ceasefire
- Broadcom and OpenAI Unveil Jalapeño: An Early Step to Massive AI Growth Potential
Want to see what other hedge funds are holding ACM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AECOM (NYSE:ACM – Free Report).
Receive News & Ratings for AECOM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AECOM and related companies with MarketBeat.com's FREE daily email newsletter.
