Hsbc Holdings PLC Buys Shares of 567,740 AECOM $ACM

Hsbc Holdings PLC purchased a new position in shares of AECOM (NYSE:ACM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 567,740 shares of the construction company’s stock, valued at approximately $39,293,000. Hsbc Holdings PLC owned 0.44% of AECOM at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in AECOM in the 2nd quarter valued at about $1,003,699,000. Primecap Management Co. CA purchased a new position in AECOM during the second quarter worth about $613,336,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in AECOM during the second quarter worth about $383,701,000. Orion Porfolio Solutions LLC increased its position in shares of AECOM by 28,246.5% during the second quarter. Orion Porfolio Solutions LLC now owns 5,335,667 shares of the construction company’s stock valued at $602,183,000 after acquiring an additional 5,316,844 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of AECOM during the fourth quarter valued at about $205,499,000. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Price Performance

ACM stock opened at $66.29 on Friday. The business’s 50-day moving average is $68.67 and its two-hundred day moving average is $78.20. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $8.53 billion, a P/E ratio of 30.41, a P/E/G ratio of 4.39 and a beta of 0.93. AECOM has a 1 year low of $60.35 and a 1 year high of $135.52.

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

AECOM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, July 1st. AECOM’s payout ratio is 56.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Argus lowered their price objective on shares of AECOM from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday. Truist Financial restated a “buy” rating and set a $85.00 price target (down from $102.00) on shares of AECOM in a research report on Wednesday, August 12th. Zacks Research cut AECOM from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. The Goldman Sachs Group set a $91.00 target price on AECOM in a research note on Wednesday, August 12th. Finally, KeyCorp dropped their target price on AECOM from $101.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, August 12th. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.58.

Insider Activity at AECOM

In other news, President Lara Poloni acquired 4,224 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were bought at an average cost of $70.63 per share, with a total value of $298,341.12. Following the transaction, the president owned 153,446 shares in the company, valued at approximately $10,837,890.98. This trade represents a 2.83% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.