EFG International AG acquired a new stake in shares of AECOM (NYSE:ACM – Free Report) during the second quarter, Holdings Channel reports. The firm acquired 10,307 shares of the construction company’s stock, valued at approximately $720,000.
Several other large investors also recently modified their holdings of ACM. Great Lakes Advisors LLC lifted its holdings in shares of AECOM by 14.9% during the first quarter. Great Lakes Advisors LLC now owns 2,366 shares of the construction company’s stock valued at $219,000 after acquiring an additional 306 shares during the period. Empowered Funds LLC grew its holdings in shares of AECOM by 62.6% in the 1st quarter. Empowered Funds LLC now owns 14,266 shares of the construction company’s stock worth $1,323,000 after purchasing an additional 5,493 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of AECOM by 6.9% in the 1st quarter. Focus Partners Wealth now owns 4,150 shares of the construction company’s stock worth $385,000 after purchasing an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of AECOM by 189.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company’s stock worth $34,000 after purchasing an additional 195 shares in the last quarter. Finally, Cresset Asset Management LLC increased its position in shares of AECOM by 13.7% during the 2nd quarter. Cresset Asset Management LLC now owns 2,935 shares of the construction company’s stock worth $331,000 after purchasing an additional 353 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.
AECOM Trading Up 1.8%
ACM stock opened at $66.29 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11. AECOM has a twelve month low of $60.35 and a twelve month high of $135.52. The company has a market cap of $8.53 billion, a P/E ratio of 30.41, a PEG ratio of 4.39 and a beta of 0.93. The business has a fifty day moving average of $68.67 and a 200-day moving average of $78.20.
AECOM Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Wednesday, July 1st were given a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. AECOM’s payout ratio is currently 56.88%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. KeyCorp reduced their price target on shares of AECOM from $101.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. Robert W. Baird cut their target price on shares of AECOM from $73.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, August 14th. Royal Bank Of Canada cut their price objective on AECOM from $105.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Wall Street Zen cut AECOM from a “buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Truist Financial restated a “buy” rating and issued a $85.00 target price (down from $102.00) on shares of AECOM in a research note on Wednesday, August 12th. Nine equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, AECOM has a consensus rating of “Moderate Buy” and an average price target of $89.58.
Insider Buying and Selling
In related news, President Lara Poloni acquired 4,224 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average price of $70.63 per share, with a total value of $298,341.12. Following the acquisition, the president owned 153,446 shares in the company, valued at $10,837,890.98. This 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 this link. Company insiders own 0.46% of the company’s stock.
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.
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