Aigen Investment Management LP purchased a new stake in AECOM (NYSE:ACM – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 26,599 shares of the construction company’s stock, valued at approximately $2,536,000.
A number of other institutional investors also recently modified their holdings of ACM. Great Lakes Advisors LLC lifted its holdings in shares of AECOM by 14.9% in the first quarter. Great Lakes Advisors LLC now owns 2,366 shares of the construction company’s stock valued at $219,000 after purchasing an additional 306 shares in the last quarter. Empowered Funds LLC lifted 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 valued at $1,323,000 after purchasing an additional 5,493 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of 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 in the last quarter. EverSource Wealth Advisors LLC increased 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 valued at $34,000 after acquiring an additional 195 shares during the last quarter. Finally, Cresset Asset Management LLC increased its position 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 valued at $331,000 after acquiring an additional 353 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.
AECOM Price Performance
AECOM stock opened at $70.06 on Friday. AECOM has a 12 month low of $67.64 and a 12 month high of $135.52. The stock’s 50 day moving average is $77.66 and its 200-day moving average is $89.72. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 0.85 and a beta of 0.93.
AECOM Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Wednesday, July 1st will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. AECOM’s dividend payout ratio is currently 32.38%.
Insider Buying and Selling
In related news, CEO Troy Rudd purchased 4,225 shares of AECOM stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $71.02 per share, with a total value of $300,059.50. Following the completion of the transaction, the chief executive officer directly owned 142,207 shares of the company’s stock, valued at $10,099,541.14. This represents a 3.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gaurav Kapoor purchased 1,420 shares of AECOM stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $71.12 per share, for a total transaction of $100,990.40. Following the transaction, the chief financial officer directly owned 88,053 shares of the company’s stock, valued at $6,262,329.36. This represents a 1.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.46% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on ACM. Citigroup lowered their target price on AECOM from $130.00 to $98.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Truist Financial reaffirmed a “buy” rating and issued a $109.00 target price (down from $116.00) on shares of AECOM in a research report on Wednesday, May 13th. Wall Street Zen raised AECOM from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. KeyCorp lowered their target price on AECOM from $115.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Finally, Barclays lowered their target price on AECOM from $110.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 19th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, AECOM currently has an average rating of “Moderate Buy” and an average price target of $116.00.
Check Out Our Latest Report on ACM
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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