Northern Trust Corp Has $205.71 Million Holdings in AECOM $ACM

Key Points

• Northern Trust Corp increased its stake in AECOM (NYSE: ACM) by 33.2% during Q1, owning approximately 1.68% of the company, valued at $205.7 million after acquiring additional shares.
• AECOM's CEO, Troy Rudd, sold 53,097 shares of the company's stock for over $6.3 million in August, which is a significant transaction noted by investors.
• Several brokerages have upgraded AECOM's rating, including Citigroup and Bank of America, with the stock currently holding an average rating of "Buy" and a target price of $128.44.

Northern Trust Corp raised its holdings in shares of AECOM (NYSE:ACM - Free Report) by 33.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,218,412 shares of the construction company's stock after acquiring an additional 553,519 shares during the quarter. Northern Trust Corp owned approximately 1.68% of AECOM worth $205,713,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ACM. Nuveen LLC acquired a new stake in shares of AECOM in the 1st quarter valued at approximately $78,900,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of AECOM by 34.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company's stock valued at $286,305,000 after buying an additional 691,020 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of AECOM by 33.4% in the 1st quarter. Citigroup Inc. now owns 680,059 shares of the construction company's stock valued at $63,062,000 after buying an additional 170,235 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of AECOM in the 4th quarter valued at approximately $16,957,000. Finally, GAMMA Investing LLC boosted its holdings in shares of AECOM by 9,543.2% in the 1st quarter. GAMMA Investing LLC now owns 147,348 shares of the construction company's stock valued at $13,664,000 after buying an additional 145,820 shares during the last quarter. 85.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Robert W. Baird raised their price target on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Royal Bank Of Canada raised their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. UBS Group raised their price target on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. KeyCorp raised their price target on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, Bank of America raised their price target on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $128.44.

Insider Buying and Selling at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of AECOM 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company's stock.

AECOM Stock Performance

Shares of ACM traded up $0.28 during midday trading on Wednesday, reaching $125.84. 1,097,135 shares of the stock were exchanged, compared to its average volume of 855,678. AECOM has a twelve month low of $85.00 and a twelve month high of $126.24. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The company has a market cap of $16.67 billion, a P/E ratio of 27.42, a PEG ratio of 1.86 and a beta of 0.99. The stock's 50 day simple moving average is $115.92 and its 200 day simple moving average is $105.78.

AECOM (NYSE:ACM - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The company's revenue was up 6.2% on a year-over-year basis. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, sell-side analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. AECOM's dividend payout ratio (DPR) is currently 22.66%.

AECOM Company 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.