Nordea Investment Management AB Grows Position in AECOM $ACM

Nordea Investment Management AB increased its position in shares of AECOM (NYSE:ACM) by 65.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 717,270 shares of the construction company’s stock after buying an additional 282,649 shares during the period. Nordea Investment Management AB’s holdings in AECOM were worth $80,506,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. MAI Capital Management purchased a new position in AECOM in the first quarter valued at approximately $28,000. TCTC Holdings LLC increased its stake in AECOM by 120.3% in the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in AECOM by 212.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company’s stock valued at $29,000 after purchasing an additional 215 shares during the last quarter. SVB Wealth LLC purchased a new position in AECOM in the first quarter valued at approximately $33,000. Finally, Private Trust Co. NA increased its stake in AECOM by 37.2% in the first quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock valued at $38,000 after purchasing an additional 112 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.41% of the stock is currently owned by company insiders.

AECOM Stock Performance

Shares of ACM opened at $131.07 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a market cap of $17.36 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 1.77 and a beta of 1.03. The company’s 50 day simple moving average is $126.97 and its 200-day simple moving average is $113.96. AECOM has a 12-month low of $85.00 and a 12-month high of $133.85.

AECOM (NYSE:ACM) last announced its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.09. The business 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%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, equities analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Wednesday, October 1st were 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 was Wednesday, October 1st. AECOM’s dividend payout ratio (DPR) is 22.66%.

Analyst Ratings Changes

ACM has been the topic of several recent analyst reports. Truist Financial increased their price target on shares of AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Barclays increased their price target on shares of AECOM from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. KeyCorp increased their price target on shares of AECOM from $129.00 to $131.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. UBS Group increased their price target on shares of AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, Citigroup reiterated a “buy” rating and issued a $137.00 price target (up from $122.00) on shares of AECOM in a research note on Monday, July 28th. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $133.20.

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.