Strs Ohio Increases Holdings in AECOM $ACM

Strs Ohio raised its position in shares of AECOM (NYSE:ACM) by 1.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 271,315 shares of the construction company’s stock after purchasing an additional 4,609 shares during the quarter. Strs Ohio owned 0.21% of AECOM worth $30,621,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ACM. Nuveen LLC bought a new stake in AECOM during the 1st quarter valued at about $78,900,000. The Manufacturers Life Insurance Company increased its stake in AECOM by 421.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company’s stock valued at $86,821,000 after purchasing an additional 756,859 shares in the last quarter. Northern Trust Corp increased its stake in AECOM by 33.2% during the 1st quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company’s stock valued at $205,713,000 after purchasing an additional 553,519 shares in the last quarter. International Assets Investment Management LLC bought a new stake in AECOM during the 2nd quarter valued at about $414,000. Finally, Nordea Investment Management AB increased its stake in AECOM by 65.0% during the 2nd quarter. Nordea Investment Management AB now owns 717,270 shares of the construction company’s stock valued at $80,506,000 after purchasing an additional 282,649 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

AECOM Stock Performance

ACM opened at $133.67 on Friday. The firm has a market cap of $17.70 billion, a P/E ratio of 29.12, a PEG ratio of 1.96 and a beta of 1.03. AECOM has a 1-year low of $85.00 and a 1-year high of $135.00. The company has a 50 day simple moving average of $129.20 and a two-hundred day simple moving average of $116.57. 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 (NYSE:ACM) last announced 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. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The business 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 business’s revenue was up 6.2% on a year-over-year basis. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Equities analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm 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. 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 presently 22.66%.

Insider Activity at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was 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 can be accessed through this hyperlink. 0.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group raised their price objective on shares of AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Wall Street Zen lowered shares of AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of AECOM in a research note on Wednesday, October 8th. KeyCorp lifted their price target on shares of AECOM from $131.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Barclays raised their price target on AECOM from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat, AECOM presently has a consensus rating of “Buy” and an average price target of $137.30.

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.