Hennessy Advisors Inc. Sells 8,800 Shares of AECOM $ACM

Hennessy Advisors Inc. trimmed its holdings in shares of AECOM (NYSE:ACM) by 3.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 276,900 shares of the construction company’s stock after selling 8,800 shares during the period. Hennessy Advisors Inc. owned about 0.22% of AECOM worth $16,323,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Value Holdings Management CO. LLC bought a new position in AECOM during the second quarter worth $10,788,000. BlackRock Inc. acquired a new stake in AECOM during the 2nd quarter valued at $1,003,699,000. Sei Investments Co. raised its position in AECOM by 71.0% in the 1st quarter. Sei Investments Co. now owns 70,198 shares of the construction company’s stock valued at $5,954,000 after purchasing an additional 29,152 shares during the last quarter. Caxton Associates LLP boosted its stake in AECOM by 1,377.9% in the first quarter. Caxton Associates LLP now owns 79,230 shares of the construction company’s stock worth $6,720,000 after purchasing an additional 73,869 shares in the last quarter. Finally, Man Group plc bought a new stake in shares of AECOM during the second quarter worth $2,262,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ACM shares. The Goldman Sachs Group set a $91.00 target price on AECOM in a research report on Wednesday, August 12th. Piper Sandler set a $79.00 price objective on AECOM in a report on Wednesday, August 12th. UBS Group reduced their target price on shares of AECOM from $106.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Weiss Ratings lowered shares of AECOM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. Finally, Argus cut their price target on AECOM from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, August 25th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.73.

AECOM Trading Down 0.1%

ACM opened at $63.26 on Monday. 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 has a fifty-two week low of $56.39 and a fifty-two week high of $135.52. The company’s 50 day moving average price is $62.10 and its two-hundred day moving average price is $76.28. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 1.18 and a beta of 0.90.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, August 10th. The construction company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($1.96). The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $2.01 billion. AECOM had a net margin of 1.87% and a return on equity of 19.72%. The company’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 earnings per share. AECOM has set its FY 2026 guidance at 3.950-4.150 EPS. As a group, research analysts predict that AECOM will post 3.98 earnings per share for the current year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were given a dividend of $0.31 per share. The ex-dividend date was Wednesday, October 14th. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. AECOM’s payout ratio is currently 56.88%.

AECOM Profile

AECOM is a global infrastructure consulting firm that provides professional services across the planning, design, engineering, construction, and management of complex projects. Its work supports transportation systems, buildings, water and wastewater infrastructure, energy facilities, environmental programs, and government and defense initiatives.

The company offers architecture and engineering, program and construction management, environmental consulting, planning, advisory, and asset-management services.