AECOM $ACM Shares Purchased by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in AECOM shares by 65.0% in the second quarter, owning approximately 0.54% of the company valued at $80.5 million.
• AECOM reported a quarterly earnings per share of $1.34, exceeding the estimate of $1.25, with a revenue of $1.94 billion.
• The company announced a quarterly dividend of $0.26 per share, with a dividend yield of 0.8% and a payout ratio of 22.66%.

Nordea Investment Management AB increased its position in shares of AECOM (NYSE:ACM - Free Report) by 65.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 717,270 shares of the construction company's stock after acquiring an additional 282,649 shares during the quarter. Nordea Investment Management AB owned approximately 0.54% of AECOM worth $80,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MAI Capital Management acquired a new position in shares of AECOM during the 1st quarter valued at about $28,000. TCTC Holdings LLC lifted its position 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 buying an additional 166 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position 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 buying an additional 215 shares during the last quarter. SVB Wealth LLC acquired a new position in AECOM in the first quarter valued at about $33,000. Finally, Private Trust Co. NA lifted its position 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 buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Stock Up 0.1%

Shares of ACM opened at $131.07 on Friday. The stock has a market capitalization of $17.36 billion, a PE ratio of 28.56, a P/E/G ratio of 1.77 and a beta of 1.03. AECOM has a 1 year low of $85.00 and a 1 year high of $133.85. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The company's 50-day simple moving average is $126.97 and its 200-day simple moving average is $113.96.

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

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Wednesday, October 1st were 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 was Wednesday, October 1st. AECOM's dividend payout ratio is presently 22.66%.

Insider Buying and Selling at AECOM

In related news, CEO Troy Rudd sold 53,097 shares of the company'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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. National Bank Financial assumed coverage on shares of AECOM in a research report on Wednesday, October 8th. They issued an "outperform" rating and a $151.00 target price on the stock. Wall Street Zen cut shares of AECOM from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Bank of America upped their target price on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of AECOM in a research report on Wednesday, October 8th. Finally, KeyCorp upped their target price on shares of AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target 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.

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