TD Asset Management Inc Sells 176 Shares of AECOM $ACM

TD Asset Management Inc cut its stake in shares of AECOM (NYSE:ACM) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,179 shares of the construction company’s stock after selling 176 shares during the period. TD Asset Management Inc’s holdings in AECOM were worth $1,713,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cordatus Wealth Management LLC increased its position in shares of AECOM by 3.7% during the first quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company’s stock valued at $266,000 after buying an additional 101 shares during the period. Pallas Capital Advisors LLC increased its position in shares of AECOM by 2.1% during the second quarter. Pallas Capital Advisors LLC now owns 5,214 shares of the construction company’s stock valued at $588,000 after buying an additional 107 shares during the period. Private Trust Co. NA increased its position in shares of AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock valued at $38,000 after buying an additional 112 shares during the period. Signaturefd LLC increased its position in shares of AECOM by 21.1% during the second quarter. Signaturefd LLC now owns 707 shares of the construction company’s stock valued at $80,000 after buying an additional 123 shares during the period. Finally, Atria Wealth Solutions Inc. increased its position in shares of AECOM by 4.1% during the second quarter. Atria Wealth Solutions Inc. now owns 3,308 shares of the construction company’s stock valued at $373,000 after buying an additional 131 shares during the period. 85.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ACM shares. Wall Street Zen cut AECOM from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Citigroup boosted their price objective on AECOM from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Monday. Barclays boosted their price objective on AECOM from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday. Truist Financial boosted their price objective on AECOM from $128.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, KeyCorp boosted their price objective on AECOM from $131.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $137.30.

AECOM Stock Up 0.6%

Shares of NYSE ACM opened at $134.43 on Wednesday. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 1.96 and a beta of 1.03. The business has a 50-day moving average of $127.54 and a 200-day moving average of $114.56. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. AECOM has a 12 month low of $85.00 and a 12 month high of $134.88.

AECOM (NYSE:ACM) last issued its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%.AECOM’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Sell-side analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

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

Insider Transactions at AECOM

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the company’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently owned by corporate insiders.

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.