IFP Advisors Inc Has $248,000 Stock Position in AECOM $ACM

by · The Cerbat Gem

IFP Advisors Inc lifted its holdings in shares of AECOM (NYSE:ACM – Free Report) by 80.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,124 shares of the construction company’s stock after acquiring an additional 950 shares during the period. IFP Advisors Inc’s holdings in AECOM were worth $248,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ACM. Nuveen LLC purchased a new position in shares of AECOM during the first quarter valued at approximately $78,900,000. The Manufacturers Life Insurance Company grew its stake in shares of AECOM by 421.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company’s stock worth $86,821,000 after acquiring an additional 756,859 shares in the last quarter. Northern Trust Corp raised its holdings in shares of AECOM by 33.2% in the first quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company’s stock valued at $205,713,000 after purchasing an additional 553,519 shares during the last quarter. Strs Ohio bought a new position in shares of AECOM during the first quarter valued at about $24,732,000. Finally, Amundi lifted its position in shares of AECOM by 16.6% during the first quarter. Amundi now owns 1,683,266 shares of the construction company’s stock valued at $156,096,000 after purchasing an additional 239,608 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. National Bank Financial initiated coverage on shares of AECOM in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $151.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AECOM in a report on Wednesday, October 8th. Truist Financial increased their price target on AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Wall Street Zen cut AECOM from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, Barclays upped their price objective on AECOM from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $133.20.

Get Our Latest Stock Analysis on AECOM

AECOM Stock Down 1.3%

AECOM stock opened at $131.05 on Friday. The firm has a 50 day simple moving average of $126.72 and a 200 day simple moving average of $113.58. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. AECOM has a 1-year low of $85.00 and a 1-year high of $133.85. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 1.79 and a beta of 1.03.

AECOM (NYSE:ACM – Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company earned $1.16 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, analysts predict that AECOM will post 5.1 earnings per share for the current 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 dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, October 1st. AECOM’s payout ratio is presently 22.66%.

Insider Buying and Selling

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently owned by insiders.

AECOM Company Profile

(Free Report)

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.

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