Danske Bank A S bought a new position in AECOM (NYSE:ACM – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 56,195 shares of the construction company’s stock, valued at approximately $3,922,000.
Other large investors have also recently made changes to their positions in the company. Great Lakes Advisors LLC raised its position in shares of AECOM by 14.9% during the 1st quarter. Great Lakes Advisors LLC now owns 2,366 shares of the construction company’s stock valued at $219,000 after buying an additional 306 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of AECOM by 62.6% in the first quarter. Empowered Funds LLC now owns 14,266 shares of the construction company’s stock worth $1,323,000 after buying an additional 5,493 shares during the last quarter. Focus Partners Wealth boosted its holdings in AECOM by 6.9% in the first quarter. Focus Partners Wealth now owns 4,150 shares of the construction company’s stock valued at $385,000 after purchasing an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of AECOM by 189.3% in the second quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company’s stock worth $34,000 after acquiring an additional 195 shares during the period. Finally, Cresset Asset Management LLC boosted its stake in shares of AECOM by 13.7% in the second quarter. Cresset Asset Management LLC now owns 2,935 shares of the construction company’s stock worth $331,000 after acquiring an additional 353 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.
AECOM Stock Down 0.5%
Shares of AECOM stock opened at $64.88 on Friday. AECOM has a one year low of $60.35 and a one year high of $135.52. The company has a market cap of $8.35 billion, a P/E ratio of 29.76, a PEG ratio of 4.39 and a beta of 0.93. The firm has a fifty day moving average of $69.06 and a two-hundred day moving average of $79.25. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06.
AECOM Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.31 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. AECOM’s dividend payout ratio is currently 56.88%.
Analysts Set New Price Targets
A number of research firms have recently issued reports on ACM. Barclays reduced their price target on shares of AECOM from $90.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 12th. KeyCorp decreased their target price on AECOM from $101.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, August 12th. Piper Sandler set a $79.00 target price on AECOM in a research note on Wednesday, August 12th. Citigroup cut their price target on AECOM from $97.00 to $84.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Finally, Robert W. Baird decreased their price objective on AECOM from $73.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, August 14th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.58.
Check Out Our Latest Analysis on AECOM
Insider Activity at AECOM
In other AECOM news, President Lara Poloni bought 4,224 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was acquired at an average cost of $70.63 per share, with a total value of $298,341.12. Following the completion of the purchase, the president directly owned 153,446 shares in the company, valued at approximately $10,837,890.98. This trade represents a 2.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.46% of the company’s stock.
AECOM Company 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.
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