Strs Ohio Grows Stock Holdings in AECOM $ACM

Strs Ohio boosted its holdings in shares of AECOM (NYSE:ACM) by 1.7% during the second quarter, Holdings Channel.com reports. The firm owned 271,315 shares of the construction company’s stock after acquiring an additional 4,609 shares during the period. Strs Ohio’s holdings in AECOM were worth $30,621,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. increased its stake in AECOM by 3.8% during the first 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 during the last quarter. KBC Group NV increased its stake in AECOM by 96.7% during the first quarter. KBC Group NV now owns 37,867 shares of the construction company’s stock worth $3,511,000 after acquiring an additional 18,612 shares during the last quarter. Private Trust Co. NA increased its stake in AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock worth $38,000 after acquiring an additional 112 shares during the last quarter. Mutual Advisors LLC increased its stake in AECOM by 3.8% during the first quarter. Mutual Advisors LLC now owns 4,609 shares of the construction company’s stock worth $449,000 after acquiring an additional 169 shares during the last quarter. Finally, OneDigital Investment Advisors LLC bought a new stake in AECOM during the first quarter worth approximately $256,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Insider Activity

In other news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

AECOM Trading Up 0.1%

NYSE ACM opened at $133.67 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $17.70 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 1.96 and a beta of 1.03. The company’s 50-day simple moving average is $129.20 and its two-hundred day simple moving average is $116.57. AECOM has a one year low of $85.00 and a one year high of $135.00.

AECOM (NYSE:ACM) last posted its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Equities analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on ACM shares. Wall Street Zen cut AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Bank of America increased their target price on shares of AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. National Bank Financial initiated coverage on shares of AECOM in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $151.00 target price on the stock. KeyCorp increased their target price on shares of AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Truist Financial increased their target price on shares of AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $137.30.

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.