Benson Investment Management Company Inc. Sells 1,528 Shares of AECOM $ACM

Benson Investment Management Company Inc. cut its holdings in AECOM (NYSE:ACM) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,005 shares of the construction company’s stock after selling 1,528 shares during the period. AECOM accounts for 2.0% of Benson Investment Management Company Inc.’s investment portfolio, making the stock its 26th biggest position. Benson Investment Management Company Inc.’s holdings in AECOM were worth $5,192,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ACM. TCTC Holdings LLC boosted its holdings in AECOM by 120.3% in the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock worth $28,000 after buying an additional 166 shares during the period. MAI Capital Management bought a new position in AECOM in the 1st quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in AECOM by 212.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company’s stock worth $29,000 after buying an additional 215 shares during the period. SVB Wealth LLC bought a new position in AECOM in the 1st quarter worth approximately $33,000. Finally, Private Trust Co. NA boosted its holdings in AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock worth $38,000 after buying an additional 112 shares during the period. 85.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ACM has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of AECOM in a research note on Wednesday. National Bank Financial initiated coverage on shares of AECOM in a research note on Wednesday. They issued an “outperform” rating and a $151.00 target price on the stock. UBS Group increased their target price on shares of AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Bank of America increased their target price on shares of AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Barclays increased their target price on shares of AECOM from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. Eleven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, AECOM has a consensus rating of “Buy” and a consensus price target of $133.20.

Insider Buying and Selling

In related news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction on Friday, August 15th. The shares were sold at an average price of $119.56, for a total value of $6,348,277.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

AECOM Stock Performance

AECOM stock opened at $128.85 on Friday. The firm’s fifty day moving average price is $125.53 and its 200-day moving average price is $112.52. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $17.07 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 1.77 and a beta of 1.03. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $133.81.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company posted $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, equities research analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Wednesday, October 1st will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, October 1st. AECOM’s dividend payout ratio (DPR) is presently 22.66%.

AECOM Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.