AECOM $ACM Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its position in AECOM (NYSE:ACM) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,637 shares of the construction company’s stock after acquiring an additional 6,431 shares during the period. Asset Management One Co. Ltd.’s holdings in AECOM were worth $13,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACM. Nuveen LLC acquired a new stake in AECOM during the 1st quarter worth about $78,900,000. The Manufacturers Life Insurance Company grew its position in AECOM by 421.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company’s stock worth $86,821,000 after purchasing an additional 756,859 shares during the period. Northern Trust Corp grew its position in AECOM by 33.2% during the 1st quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company’s stock worth $205,713,000 after purchasing an additional 553,519 shares during the period. International Assets Investment Management LLC acquired a new stake in AECOM during the 2nd quarter worth about $414,000. Finally, Nordea Investment Management AB grew its position in AECOM by 65.0% during the 2nd quarter. Nordea Investment Management AB now owns 717,270 shares of the construction company’s stock worth $80,506,000 after purchasing an additional 282,649 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on ACM shares. Bank of America increased their price target on AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. UBS Group increased their price target on AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Barclays increased their target price on shares of AECOM from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Citigroup increased their target price on shares of AECOM from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Finally, KeyCorp increased their target price on shares of AECOM from $131.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $137.30.

Insiders Place Their Bets

In related news, CEO Troy Rudd sold 53,097 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which is available through this link. Corporate insiders own 0.41% of the company’s stock.

AECOM Trading Up 0.3%

Shares of AECOM stock opened at $132.93 on Monday. The firm has a market capitalization of $17.61 billion, a PE ratio of 28.96, a P/E/G ratio of 1.95 and a beta of 1.03. AECOM has a twelve month low of $85.00 and a twelve month high of $134.88. The firm’s 50-day moving average price is $128.22 and its 200 day moving average price is $115.64. 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 (NYSE:ACM) last issued its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. AECOM’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company posted $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, sell-side analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Wednesday, October 1st were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. AECOM’s dividend payout ratio (DPR) is currently 22.66%.

About AECOM

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.