Mediolanum International Funds Ltd Buys 32,656 Shares of AECOM $ACM

Mediolanum International Funds Ltd boosted its stake in AECOM (NYSE:ACM) by 479.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 39,466 shares of the construction company’s stock after buying an additional 32,656 shares during the quarter. Mediolanum International Funds Ltd’s holdings in AECOM were worth $5,125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Orion Porfolio Solutions LLC lifted its stake in shares of AECOM by 28,246.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 5,335,667 shares of the construction company’s stock valued at $602,183,000 after purchasing an additional 5,316,844 shares during the period. Invesco Ltd. raised its holdings in AECOM by 79.1% in the second quarter. Invesco Ltd. now owns 4,361,755 shares of the construction company’s stock worth $492,268,000 after purchasing an additional 1,926,466 shares in the last quarter. Norges Bank bought a new position in AECOM in the second quarter worth $200,879,000. International Assets Investment Management LLC purchased a new position in AECOM during the second quarter valued at $414,000. Finally, Hennessy Advisors Inc. bought a new stake in shares of AECOM during the 3rd quarter valued at $43,473,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Price Performance

Shares of NYSE ACM opened at $96.77 on Tuesday. The firm has a market cap of $12.51 billion, a P/E ratio of 22.99, a PEG ratio of 1.24 and a beta of 1.08. AECOM has a twelve month low of $85.00 and a twelve month high of $135.52. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.98. The company has a 50 day moving average of $98.86 and a 200 day moving average of $115.88.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Tuesday, November 18th. The construction company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.02. The firm had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.31 billion. AECOM had a return on equity of 27.35% and a net margin of 3.48%.The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 earnings per share. AECOM has set its FY 2026 guidance at 5.650-5.850 EPS. As a group, research analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Wednesday, January 7th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, January 7th. This is a boost from AECOM’s previous quarterly dividend of $0.26. AECOM’s payout ratio is 29.45%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ACM. National Bank Financial started coverage on shares of AECOM in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $151.00 price target for the company. Barclays downgraded shares of AECOM from a “positive” rating to a “hold” rating in a research note on Friday, December 19th. Truist Financial dropped their price target on AECOM from $148.00 to $126.00 and set a “buy” rating on the stock in a research report on Thursday, December 18th. Citigroup cut their price target on AECOM from $152.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Finally, Royal Bank Of Canada lowered their price objective on AECOM from $142.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.36.

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.