Hsbc Holdings PLC acquired a new position in shares of AECOM (NYSE:ACM – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 567,740 shares of the construction company’s stock, valued at approximately $39,293,000.
A number of other hedge funds have also made changes to their positions in ACM. BlackRock Inc. purchased a new stake in AECOM during the second quarter worth approximately $1,003,699,000. Primecap Management Co. CA acquired a new position in AECOM in the second quarter valued at approximately $613,336,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in AECOM in the second quarter valued at approximately $383,701,000. Orion Porfolio Solutions LLC increased its stake in AECOM by 28,246.5% in the second quarter. Orion Porfolio Solutions LLC now owns 5,335,667 shares of the construction company’s stock valued at $602,183,000 after purchasing an additional 5,316,844 shares during the last quarter. Finally, State Street Corp raised its holdings in AECOM by 2.6% during the third quarter. State Street Corp now owns 5,107,636 shares of the construction company’s stock worth $666,393,000 after purchasing an additional 127,036 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.
AECOM Price Performance
ACM stock opened at $66.29 on Friday. The company has a market capitalization of $8.53 billion, a P/E ratio of 30.41, a PEG ratio of 4.39 and a beta of 0.93. AECOM has a twelve month low of $60.35 and a twelve month high of $135.52. The business has a 50 day simple moving average of $68.67 and a 200-day simple moving average of $78.20. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11.
AECOM Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, July 1st. AECOM’s dividend payout ratio (DPR) is presently 56.88%.
Insider Buying and Selling
In other AECOM news, President Lara Poloni acquired 4,224 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were bought at an average cost 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. This trade represents a 2.83% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on ACM shares. Piper Sandler set a $79.00 price objective on shares of AECOM in a research report on Wednesday, August 12th. Zacks Research lowered shares of AECOM from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Argus reduced their price target on shares of AECOM from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday. Robert W. Baird decreased their price objective 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. Finally, Citigroup dropped their price objective on AECOM from $97.00 to $84.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Nine investment 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.58.
View Our Latest Analysis 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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