IFM Investors Pty Ltd Lowers Holdings in AECOM $ACM

Key Points

• IFM Investors Pty Ltd reduced its stake in AECOM by 14.1% during the first quarter, now holding 26,049 shares valued at approximately $2.4 million.
• Several analysts have increased their price targets for AECOM, with Barclays raising their target from $120 to $130 and UBS Group setting it at $139.
• AECOM reported quarterly earnings of $1.34 per share, exceeding estimates and showing a revenue increase of 6.2% compared to the previous year.

IFM Investors Pty Ltd cut its position in shares of AECOM (NYSE:ACM - Free Report) by 14.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,049 shares of the construction company's stock after selling 4,286 shares during the period. IFM Investors Pty Ltd's holdings in AECOM were worth $2,416,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ACM. Cordatus Wealth Management LLC boosted its holdings in AECOM by 3.7% during the first quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company's stock worth $266,000 after buying an additional 101 shares in the last quarter. Private Trust Co. NA boosted its holdings in AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after buying an additional 112 shares in the last quarter. Gateway Investment Advisers LLC boosted its holdings in AECOM by 7.8% during the first quarter. Gateway Investment Advisers LLC now owns 2,196 shares of the construction company's stock worth $204,000 after buying an additional 158 shares in the last quarter. TCTC Holdings LLC lifted its holdings in AECOM by 120.3% during 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 in the last quarter. Finally, Mutual Advisors LLC increased its stake in shares of AECOM by 3.8% during the first quarter. Mutual Advisors LLC now owns 4,609 shares of the construction company's stock worth $449,000 after purchasing an additional 169 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACM has been the subject of a number of research reports. Barclays boosted their target price on shares of AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. Bank of America increased 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. Citigroup reiterated a "buy" rating and issued a $137.00 target price (up from $122.00) on shares of AECOM in a research report on Monday, July 28th. Wall Street Zen cut shares of AECOM from a "buy" rating to a "hold" rating in a research report on Saturday, September 6th. Finally, KeyCorp increased 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. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, AECOM presently has a consensus rating of "Buy" and a consensus price target of $128.44.

Insider Activity at AECOM

In other 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by insiders.

AECOM Trading Down 0.6%

AECOM stock traded down $0.83 during midday trading on Wednesday, hitting $126.91. 1,234,689 shares of the stock were exchanged, compared to its average volume of 980,434. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $129.36. The stock has a market capitalization of $16.81 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 1.89 and a beta of 0.99. The stock's 50-day simple moving average is $119.53 and its 200 day simple moving average is $108.28. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.94 billion during 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%. AECOM's revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, equities analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

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

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.