Lombard Odier Asset Management Europe Ltd bought a new position in shares of AECOM (NYSE:ACM – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 60,057 shares of the construction company’s stock, valued at approximately $4,192,000.
Other hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC lifted its position in shares of AECOM by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 29,634 shares of the construction company’s stock valued at $2,825,000 after acquiring an additional 113 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of AECOM by 12.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,089 shares of the construction company’s stock worth $104,000 after acquiring an additional 119 shares during the period. HB Wealth Management LLC grew its holdings in shares of AECOM by 3.3% in the 4th quarter. HB Wealth Management LLC now owns 3,860 shares of the construction company’s stock worth $368,000 after acquiring an additional 125 shares during the period. Ashton Thomas Private Wealth LLC raised its holdings in AECOM by 4.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,128 shares of the construction company’s stock worth $298,000 after purchasing an additional 129 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of AECOM by 86.7% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 280 shares of the construction company’s stock valued at $27,000 after buying an additional 130 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.
AECOM Stock Performance
NYSE ACM opened at $69.49 on Friday. The business’s 50-day simple moving average is $68.68 and its 200-day simple moving average is $78.14. AECOM has a 1-year low of $60.35 and a 1-year high of $135.52. 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 $8.94 billion, a P/E ratio of 31.88, a P/E/G ratio of 4.47 and a beta of 0.93.
AECOM Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Wednesday, July 1st were issued a $0.31 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. AECOM’s payout ratio is currently 56.88%.
Insider Activity at AECOM
In other AECOM news, President Lara Poloni purchased 4,224 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average price of $70.63 per share, for a total transaction of $298,341.12. Following the completion of the purchase, the president owned 153,446 shares in the company, valued at $10,837,890.98. The trade was 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 hyperlink. Company insiders own 0.46% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on ACM shares. Citigroup cut their price target on AECOM from $97.00 to $84.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Barclays cut their target price on shares of AECOM from $90.00 to $73.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. KeyCorp cut their price target on AECOM from $101.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, August 12th. Truist Financial restated a “buy” rating and issued a $85.00 price objective (down from $102.00) on shares of AECOM in a research report on Wednesday, August 12th. Finally, Argus cut their target price on shares of AECOM from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, AECOM presently has an average rating of “Moderate Buy” and an average price target of $89.58.
Check Out Our Latest Research Report on ACM
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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