Mutual Advisors LLC Boosts Stock Holdings in AECOM $ACM

Mutual Advisors LLC raised its holdings in shares of AECOM (NYSE:ACM) by 8.1% during the second quarter, HoldingsChannel reports. The firm owned 4,984 shares of the construction company’s stock after purchasing an additional 375 shares during the period. Mutual Advisors LLC’s holdings in AECOM were worth $575,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ACM. Wealth Enhancement Advisory Services LLC raised its stake in shares of AECOM by 170.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company’s stock worth $2,461,000 after acquiring an additional 16,718 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of AECOM by 1.7% during the 1st quarter. State of Alaska Department of Revenue now owns 15,548 shares of the construction company’s stock worth $1,441,000 after acquiring an additional 260 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of AECOM by 3.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company’s stock worth $722,000 after acquiring an additional 286 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of AECOM by 63.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 15,657 shares of the construction company’s stock worth $1,452,000 after acquiring an additional 6,100 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of AECOM by 3.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 111,206 shares of the construction company’s stock worth $10,312,000 after acquiring an additional 3,362 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Up 0.1%

ACM stock opened at $131.07 on Monday. The firm’s fifty day simple moving average is $126.97 and its 200-day simple moving average is $114.11. The company has a market capitalization of $17.36 billion, a P/E ratio of 28.56, a price-to-earnings-growth ratio of 1.88 and a beta of 1.03. 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 12 month low of $85.00 and a 12 month high of $133.85.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.25 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, equities research analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

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

Insider Activity

In related news, CEO Troy Rudd sold 53,097 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on ACM. National Bank Financial began coverage on shares of AECOM in a research note on Wednesday, October 8th. They set an “outperform” rating and a $151.00 price objective for the company. Wall Street Zen cut shares of AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Citigroup reiterated a “buy” rating and issued a $137.00 target price (up from $122.00) on shares of AECOM in a research note on Monday, July 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of AECOM in a research note on Wednesday, October 8th. Finally, Bank of America lifted their target price on shares of AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $133.20.

About AECOM

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.