AECOM $ACM Stock Position Lifted by Truist Financial Corp

Truist Financial Corp lifted its holdings in AECOM (NYSE:ACM) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,352 shares of the construction company’s stock after purchasing an additional 894 shares during the quarter. Truist Financial Corp’s holdings in AECOM were worth $1,394,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in AECOM by 12.0% during the first quarter. Fifth Third Bancorp now owns 1,863 shares of the construction company’s stock valued at $173,000 after buying an additional 199 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in AECOM by 170.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company’s stock valued at $2,461,000 after buying an additional 16,718 shares in the last quarter. Great Lakes Retirement Inc. boosted its stake in AECOM by 12.7% during the first quarter. Great Lakes Retirement Inc. now owns 15,234 shares of the construction company’s stock valued at $1,413,000 after buying an additional 1,714 shares in the last quarter. Insigneo Advisory Services LLC boosted its stake in AECOM by 22.4% during the first quarter. Insigneo Advisory Services LLC now owns 3,997 shares of the construction company’s stock valued at $371,000 after buying an additional 731 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in AECOM by 1.7% during the first quarter. State of Alaska Department of Revenue now owns 15,548 shares of the construction company’s stock valued at $1,441,000 after buying an additional 260 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. UBS Group raised their target price on AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Truist Financial raised their target price on AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday. Bank of America raised their target price on AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AECOM in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered AECOM from a “buy” rating to a “hold” rating in a research report on Saturday. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, AECOM has an average rating of “Buy” and an average price target of $133.20.

AECOM Trading Down 1.9%

NYSE:ACM opened at $128.85 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. AECOM has a 1-year low of $85.00 and a 1-year high of $133.81. The firm has a market capitalization of $17.07 billion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 1.74 and a beta of 1.03. The stock has a fifty day simple moving average of $125.53 and a 200 day simple moving average of $112.77.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter last year, the company posted $1.16 EPS. AECOM’s revenue for the quarter was up 6.2% on a year-over-year basis. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Sell-side analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Wednesday, October 1st will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, October 1st. AECOM’s dividend payout ratio is currently 22.66%.

Insider Transactions at AECOM

In related news, CEO Troy Rudd sold 53,097 shares of the 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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.41% of the company’s stock.

AECOM Company Profile

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.