AECOM $ACM Position Reduced by Central Bank & Trust Co.

Central Bank & Trust Co. lessened its position in shares of AECOM (NYSE:ACM) by 24.9% during the 3rd quarter, Holdings Channel reports. The firm owned 38,741 shares of the construction company’s stock after selling 12,829 shares during the quarter. Central Bank & Trust Co.’s holdings in AECOM were worth $2,284,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. purchased a new position in AECOM during the second quarter valued at $1,003,699,000. Primecap Management Co. CA purchased a new stake in shares of AECOM in the 2nd quarter valued at about $613,336,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in AECOM during the 2nd quarter worth $383,701,000. The Manufacturers Life Insurance Company purchased a new stake in AECOM during the 2nd quarter valued at approximately $94,429,000. Finally, Bank of New York Mellon Corp purchased a new position in AECOM in the 2nd quarter valued at $79,519,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

ACM stock traded down $0.51 during mid-day trading on Friday, reaching $58.95. 211,494 shares of the stock traded hands, compared to its average volume of 1,765,335. AECOM has a 52 week low of $56.39 and a 52 week high of $135.52. The firm has a market capitalization of $7.59 billion, a PE ratio of 27.03, a P/E/G ratio of 1.04 and a beta of 0.93. The business has a 50-day moving average of $64.80 and a two-hundred day moving average of $71.64. 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 (NYSE:ACM) last posted its earnings results on Monday, August 10th. The construction company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($1.96). AECOM had a net margin of 1.87% and a return on equity of 19.72%. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm earned $1.34 EPS. The business’s revenue was down 14.2% compared to the same quarter last year. AECOM has set its FY 2026 guidance at 3.950-4.150 EPS. As a group, equities analysts predict that AECOM will post 3.98 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, October 14th. AECOM’s payout ratio is currently 56.88%.

Analysts Set New Price Targets

ACM has been the topic of a number of research analyst reports. Piper Sandler set a $79.00 target price on AECOM in a research report on Wednesday, August 12th. KeyCorp decreased their price objective on shares of AECOM from $101.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Argus lowered their target price on AECOM from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, August 25th. Bank of America cut their target price on shares of AECOM from $94.50 to $81.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Finally, Truist Financial cut their price objective on shares of AECOM from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday. Eight equities 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.27.

AECOM Company Profile

AECOM (NYSE: ACM) is a global infrastructure consulting firm that provides professional services across the project lifecycle. Its activities include planning, design, engineering, architecture, program and construction management, environmental services, and operations support.

The company serves public- and private-sector clients in areas such as transportation, water, buildings, energy, environmental remediation, and government infrastructure. Its work includes roads and transit systems, airports, water and wastewater facilities, commercial and civic buildings, and large-scale urban development programs.

AECOM operates internationally, serving clients across North America, Europe, the Middle East, Asia-Pacific, and other global markets.