Meeder Asset Management Inc. Makes New $7.32 Million Investment in AECOM (NYSE:ACM)

Meeder Asset Management Inc. purchased a new position in AECOM (NYSE:ACM) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 74,592 shares of the construction company’s stock, valued at approximately $7,316,000. Meeder Asset Management Inc. owned approximately 0.05% of AECOM at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ACM. Ables Iannone Moore & Associates Inc. bought a new position in AECOM in the 4th quarter worth about $28,000. Creekmur Asset Management LLC bought a new position in shares of AECOM in the fourth quarter worth approximately $28,000. Rise Advisors LLC purchased a new stake in shares of AECOM during the first quarter valued at approximately $31,000. GAMMA Investing LLC purchased a new stake in shares of AECOM during the fourth quarter valued at approximately $35,000. Finally, Headlands Technologies LLC bought a new stake in shares of AECOM during the fourth quarter valued at approximately $40,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AECOM

In other news, Director Douglas Stotlar sold 7,179 shares of AECOM stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $93.51, for a total value of $671,308.29. Following the sale, the director now directly owns 34,667 shares of the company’s stock, valued at $3,241,711.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. KeyCorp increased their target price on AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Robert W. Baird dropped their price objective on AECOM from $110.00 to $96.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. UBS Group boosted their target price on AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Citigroup raised their price target on shares of AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Truist Financial reduced their price target on shares of AECOM from $113.00 to $107.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Nine 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 $104.75.

AECOM Price Performance

Shares of AECOM stock traded up $0.10 during trading hours on Monday, hitting $87.26. The company’s stock had a trading volume of 651,437 shares, compared to its average volume of 767,756. The company has a market cap of $11.88 billion, a PE ratio of -969.45, a PEG ratio of 1.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50 day moving average price of $87.96 and a two-hundred day moving average price of $90.41. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $1.80 billion. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. Analysts expect that AECOM will post 4.47 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.01%. The ex-dividend date is Wednesday, July 3rd. AECOM’s payout ratio is currently -977.67%.

AECOM Company 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.