Elevation Point Wealth Partners LLC acquired a new position in AECOM (NYSE:ACM – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 14,236 shares of the construction company’s stock, valued at approximately $994,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in shares of AECOM by 86.7% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 280 shares of the construction company’s stock valued at $27,000 after purchasing an additional 130 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in AECOM by 95.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 295 shares of the construction company’s stock valued at $28,000 after buying an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of AECOM by 189.3% in the second quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company’s stock worth $34,000 after acquiring an additional 195 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of AECOM in the first quarter worth $36,000. Finally, Intesa Sanpaolo Wealth Management bought a new position in AECOM during the fourth quarter worth $38,000. Institutional investors and hedge funds own 85.41% of the company’s stock.
AECOM Stock Up 0.2%
NYSE ACM opened at $64.92 on Tuesday. The firm has a market cap of $8.36 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 4.37 and a beta of 0.93. AECOM has a one year low of $60.35 and a one year high of $135.52. The stock’s 50 day simple moving average is $68.96 and its 200 day simple moving average is $78.91. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Wednesday, July 1st were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, July 1st. AECOM’s dividend payout ratio (DPR) is presently 56.88%.
Insider Buying and Selling at AECOM
In other news, President Lara Poloni purchased 4,224 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of $70.63 per share, with a total value of $298,341.12. Following the completion of the purchase, the president directly owned 153,446 shares of the company’s stock, valued at $10,837,890.98. The trade was a 2.83% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research firms recently weighed in on ACM. Zacks Research cut shares of AECOM from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Robert W. Baird cut their price target on AECOM from $73.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, August 14th. Piper Sandler set a $79.00 price objective on AECOM in a research report on Wednesday, August 12th. KeyCorp decreased their price target on shares of AECOM from $101.00 to $79.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada reduced their price objective on shares of AECOM from $105.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.58.
View Our Latest Analysis on AECOM
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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