IFM Investors Pty Ltd Sells 4,286 Shares of 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 holdings in shares of AECOM (NYSE:ACM - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ACM. TCTC Holdings LLC increased its position in shares of AECOM by 120.3% during the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after acquiring an additional 166 shares in the last quarter. MAI Capital Management bought a new stake in shares of AECOM during the first quarter worth about $28,000. Caitong International Asset Management Co. Ltd increased its position in shares of AECOM by 212.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock worth $29,000 after acquiring an additional 215 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of AECOM during the first quarter worth about $33,000. Finally, Private Trust Co. NA increased its position in shares of 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 acquiring an additional 112 shares in the last quarter. 85.41% of the stock is owned by institutional investors.

Insider Transactions at AECOM

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is owned by corporate insiders.

AECOM Price Performance

NYSE ACM traded up $6.16 on Thursday, hitting $133.05. The stock had a trading volume of 533,922 shares, compared to its average volume of 977,759. AECOM has a 52-week low of $85.00 and a 52-week high of $133.35. 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 has a market capitalization of $17.62 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. The firm has a 50-day moving average of $119.76 and a 200-day moving average of $108.41.

AECOM (NYSE:ACM - Get Free Report) last posted its 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. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $4.33 billion. During the same period 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. Equities analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ACM. Bank of America upped their price objective on shares of AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. UBS Group upped their price objective on shares of AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Citigroup reaffirmed a "buy" rating and issued a $137.00 price objective (up from $122.00) on shares of AECOM in a research report on Monday, July 28th. Wall Street Zen downgraded shares of AECOM from a "buy" rating to a "hold" rating in a research report on Saturday, September 6th. Finally, Barclays upped their price objective on shares of AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $128.44.

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.