Janney Montgomery Scott LLC Grows Position in AECOM $ACM

Janney Montgomery Scott LLC increased its position in shares of AECOM (NYSE:ACM) by 8.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,472 shares of the construction company’s stock after buying an additional 187 shares during the quarter. Janney Montgomery Scott LLC’s holdings in AECOM were worth $279,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cordatus Wealth Management LLC grew its stake in AECOM by 3.7% during the 1st quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company’s stock worth $266,000 after buying an additional 101 shares during the last quarter. Pallas Capital Advisors LLC grew its stake in shares of AECOM by 2.1% in the 2nd quarter. Pallas Capital Advisors LLC now owns 5,214 shares of the construction company’s stock valued at $588,000 after purchasing an additional 107 shares during the last quarter. Private Trust Co. NA grew its stake in shares of AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock valued at $38,000 after purchasing an additional 112 shares during the last quarter. Signaturefd LLC grew its stake in shares of AECOM by 21.1% in the 2nd quarter. Signaturefd LLC now owns 707 shares of the construction company’s stock valued at $80,000 after purchasing an additional 123 shares during the last quarter. Finally, TCTC Holdings LLC grew its stake in shares of AECOM by 120.3% in the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Up 0.1%

AECOM stock opened at $131.07 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. AECOM has a 1-year low of $85.00 and a 1-year high of $133.85. The company has a market cap of $17.36 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 1.88 and a beta of 1.03. The stock’s 50 day moving average price is $126.97 and its 200 day moving average price is $114.11.

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, beating analysts’ consensus estimates of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the business earned $1.16 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, sell-side analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, October 1st. AECOM’s payout ratio is presently 22.66%.

Wall Street Analyst Weigh In

ACM has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of AECOM in a research note on Wednesday, October 8th. Barclays lifted their target price on AECOM from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. Wall Street Zen downgraded AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. National Bank Financial assumed coverage on AECOM in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $151.00 target price on the stock. Finally, Truist Financial lifted their price target on AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $133.20.

Insider Buying and Selling

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $119.56, for a total transaction of $6,348,277.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.41% of the company’s stock.

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.