AECOM $ACM Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd lowered its position in AECOM (NYSE:ACM) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,319,548 shares of the construction company’s stock after selling 50,276 shares during the period. Ninety One UK Ltd’s holdings in AECOM were worth $148,924,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. OneDigital Investment Advisors LLC acquired a new stake in shares of AECOM in the 1st quarter worth approximately $256,000. Private Trust Co. NA grew its holdings in shares of 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 acquiring an additional 112 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of AECOM by 3.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company’s stock worth $722,000 after acquiring an additional 286 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of AECOM by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,080,814 shares of the construction company’s stock worth $100,224,000 after acquiring an additional 36,804 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in AECOM by 170.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company’s stock valued at $2,461,000 after buying an additional 16,718 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Insider Buying and Selling at AECOM

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $119.56, for a total transaction of $6,348,277.32. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on ACM shares. KeyCorp increased their target price on AECOM from $129.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. UBS Group increased their target price on AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Bank of America increased their target price on AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Wall Street Zen upgraded AECOM from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Finally, Citigroup reiterated a “buy” rating and set a $137.00 target price (up previously from $122.00) on shares of AECOM in a report on Monday, July 28th. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat, AECOM has a consensus rating of “Buy” and an average price target of $128.44.

AECOM Trading Up 0.5%

Shares of AECOM stock opened at $130.50 on Wednesday. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $133.81. The firm has a market cap of $17.28 billion, a PE ratio of 28.43, a P/E/G ratio of 1.93 and a beta of 0.99. The business’s fifty day moving average is $122.82 and its two-hundred day moving average is $110.71. The company has a quick ratio of 1.17, a current 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, 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 company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the company posted $1.16 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, October 1st. AECOM’s dividend payout ratio 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.