AECOM $ACM Shares Bought by Ninety One North America Inc.

Key Points

• Ninety One North America Inc. increased its shares in AECOM by 5.4% during Q2, owning approximately 0.10% of the company valued at $14.84 million.
• AECOM recently reported a quarterly EPS of $1.34, exceeding expectations, with a revenue of $1.94 billion, up 6.2% year-over-year.
• The company declared a quarterly dividend of $0.26 per share, with a payout ratio of 22.66%, to be paid on October 17th.

Ninety One North America Inc. increased its position in shares of AECOM (NYSE:ACM - Free Report) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,494 shares of the construction company's stock after acquiring an additional 6,689 shares during the period. Ninety One North America Inc. owned about 0.10% of AECOM worth $14,840,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Truist Financial Corp lifted its position in shares of AECOM by 7.8% during the second quarter. Truist Financial Corp now owns 12,352 shares of the construction company's stock worth $1,394,000 after purchasing an additional 894 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in AECOM by 8.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 2,472 shares of the construction company's stock worth $279,000 after buying an additional 187 shares during the period. Signaturefd LLC lifted its holdings in AECOM by 21.1% during the 2nd quarter. Signaturefd LLC now owns 707 shares of the construction company's stock worth $80,000 after buying an additional 123 shares in the last quarter. Perigon Wealth Management LLC boosted its position in AECOM by 3.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 46,191 shares of the construction company's stock valued at $5,213,000 after buying an additional 1,631 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in AECOM by 0.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 41,082 shares of the construction company's stock valued at $4,637,000 after buying an additional 329 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Stock Performance

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 company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 1.93 and a beta of 0.99. The stock has a fifty day moving average of $122.82 and a two-hundred day moving average of $110.71. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The business's revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. AECOM's payout ratio is 22.66%.

Insider Buying and Selling at AECOM

In related news, CEO Troy Rudd sold 53,097 shares of the firm'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 transaction of $6,348,277.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Citigroup reaffirmed a "buy" rating and set a $137.00 price objective (up previously from $122.00) on shares of AECOM in a research report on Monday, July 28th. Barclays upped their price target on AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. KeyCorp lifted their price objective on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of AECOM from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Finally, UBS Group raised their target price on shares of AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $128.44.

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.

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