Glenview Trust Co purchased a new position in AECOM (NYSE:ACM – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,171 shares of the construction company’s stock, valued at approximately $919,000.
Other large investors also recently modified their holdings of the company. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of AECOM by 86.7% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 280 shares of the construction company’s stock valued at $27,000 after acquiring an additional 130 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of AECOM by 95.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 295 shares of the construction company’s stock worth $28,000 after purchasing an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 195 shares during the last quarter. Western Wealth Management LLC purchased a new stake in AECOM in the first quarter valued at approximately $36,000. Finally, Compass Financial Management LLC purchased a new stake in AECOM in the second quarter valued at approximately $36,000. 85.41% of the stock is currently owned by institutional investors.
AECOM Stock Up 4.9%
ACM stock opened at $69.49 on Friday. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 4.47 and a beta of 0.93. The business’s 50 day moving average price is $68.68 and its two-hundred day moving average price is $78.14. AECOM has a fifty-two week low of $60.35 and a fifty-two week high of $135.52. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06.
AECOM Announces Dividend
The firm also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.24 annualized dividend and a yield of 1.8%. AECOM’s payout ratio is presently 56.88%.
Analyst Ratings Changes
Several brokerages have recently commented on ACM. Zacks Research lowered AECOM from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. KeyCorp cut their target price on AECOM from $101.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Wall Street Zen cut shares of AECOM from a “buy” rating to a “hold” rating in a research report on Monday, July 6th. The Goldman Sachs Group set a $91.00 price target on shares of AECOM in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada lowered 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 investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, AECOM presently has an average rating of “Moderate Buy” and an average target price of $89.58.
Get Our Latest Research Report on ACM
Insider Buying and Selling
In other AECOM news, President Lara Poloni acquired 4,224 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were acquired at an average price of $70.63 per share, for a total transaction of $298,341.12. Following the completion of the acquisition, the president owned 153,446 shares in the company, valued at $10,837,890.98. This trade represents a 2.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is owned by insiders.
AECOM Profile
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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