UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AECOM (NYSE:ACM – Free Report) by 2.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,565,323 shares of the construction company’s stock after purchasing an additional 83,360 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 2.77% of AECOM worth $248,860,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp acquired a new position in AECOM in the second quarter valued at approximately $7,386,000. Navellier & Associates Inc. grew its position in shares of AECOM by 5.1% during the 2nd quarter. Navellier & Associates Inc. now owns 30,403 shares of the construction company’s stock worth $2,122,000 after buying an additional 1,468 shares during the period. Wellington Management Group LLP increased its stake in shares of AECOM by 126.8% in the 2nd quarter. Wellington Management Group LLP now owns 61,157 shares of the construction company’s stock valued at $4,269,000 after acquiring an additional 34,194 shares in the last quarter. Lombard Odier Asset Management Europe Ltd bought a new stake in shares of AECOM in the 2nd quarter valued at $4,192,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of AECOM during the 2nd quarter valued at $1,235,000. 85.41% of the stock is currently owned by institutional investors.
AECOM Stock Performance
NYSE:ACM opened at $67.47 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. The business has a fifty day simple moving average of $68.67 and a two-hundred day simple moving average of $77.71. AECOM has a 1 year low of $60.35 and a 1 year high of $135.52. The company has a market capitalization of $8.68 billion, a P/E ratio of 30.95, a P/E/G ratio of 4.66 and a beta of 0.93.
AECOM Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Wednesday, July 1st were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Wednesday, July 1st. AECOM’s dividend payout ratio is presently 56.88%.
Insider Activity at AECOM
In other AECOM news, President Lara Poloni acquired 4,224 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of $70.63 per share, with a total value of $298,341.12. Following the acquisition, the president owned 153,446 shares in the company, valued at approximately $10,837,890.98. This represents a 2.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Piper Sandler set a $79.00 target price on shares of AECOM in a report on Wednesday, August 12th. UBS Group set a $85.00 target price on AECOM in a report on Wednesday, August 12th. Wall Street Zen downgraded AECOM from a “buy” rating to a “hold” rating in a research report on Monday, July 6th. Citigroup dropped their price target on AECOM from $97.00 to $84.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Finally, KeyCorp reduced their price objective on AECOM from $101.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Nine equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.58.
Read 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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