Perigon Wealth Management LLC purchased a new position in AECOM (NYSE:ACM – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund purchased 48,622 shares of the construction company’s stock, valued at approximately $3,394,000.
A number of other institutional investors have also bought and sold shares of ACM. Kingsview Wealth Management LLC purchased a new position in shares of AECOM during the fourth quarter worth $2,057,000. Norges Bank acquired a new position in AECOM during the 4th quarter worth approximately $205,499,000. Intech Investment Management LLC raised its stake in AECOM by 39.5% in the fourth quarter. Intech Investment Management LLC now owns 154,065 shares of the construction company’s stock valued at $14,687,000 after buying an additional 43,600 shares in the last quarter. Legal & General Group Plc lifted its position in shares of AECOM by 11.0% during the 4th quarter. Legal & General Group Plc now owns 463,295 shares of the construction company’s stock worth $44,166,000 after buying an additional 46,006 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of AECOM in the 4th quarter valued at about $3,559,000. 85.41% of the stock is owned by hedge funds and other institutional investors.
AECOM Stock Performance
Shares of NYSE ACM opened at $62.18 on Tuesday. The company has a market capitalization of $8.00 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 4.25 and a beta of 0.93. AECOM has a one year low of $60.35 and a one year high of $135.52. The business’s 50-day moving average price is $69.51 and its two-hundred day moving average price is $80.05. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Wednesday, July 1st were paid a $0.31 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. AECOM’s dividend payout ratio is currently 56.88%.
Wall Street Analysts Forecast Growth
ACM has been the topic of a number of recent research reports. KeyCorp dropped their target price on AECOM from $101.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. Weiss Ratings downgraded AECOM from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 12th. Barclays reduced their price objective on AECOM from $90.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 12th. Royal Bank Of Canada lowered their price objective on shares of AECOM from $105.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Finally, Truist Financial reiterated a “buy” rating and issued a $85.00 price objective (down from $102.00) on shares of AECOM in a report on Wednesday, August 12th. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.58.
Get Our Latest Report on AECOM
Insiders Place Their Bets
In other AECOM news, President Lara Poloni purchased 4,224 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was 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 approximately $10,837,890.98. This trade represents a 2.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is currently owned by insiders.
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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