AECOM $ACM Shares Sold by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS reduced its stake in AECOM by 2.2%, owning 90,400 shares worth approximately $10.2 million after selling 2,000 shares in the second quarter.
• Several analysts have raised their price targets for AECOM, with Citigroup setting a new target of $137.00 and Truist Financial increasing theirs to $146.00, indicating overall bullish sentiment on the stock.
• AECOM reported $1.34 earnings per share for the last quarter, surpassing analysts' expectations, while also announcing a quarterly dividend of $0.26 to be paid on October 17th.

KLP Kapitalforvaltning AS cut its position in AECOM (NYSE:ACM - Free Report) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,400 shares of the construction company's stock after selling 2,000 shares during the period. KLP Kapitalforvaltning AS owned approximately 0.07% of AECOM worth $10,203,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ACM. Nuveen LLC acquired a new stake in AECOM during the first quarter worth about $78,900,000. The Manufacturers Life Insurance Company grew its holdings in AECOM by 421.9% during the first quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company's stock worth $86,821,000 after acquiring an additional 756,859 shares during the period. Northern Trust Corp grew its holdings in AECOM by 33.2% during the first quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company's stock worth $205,713,000 after acquiring an additional 553,519 shares during the period. Strs Ohio acquired a new stake in AECOM during the first quarter worth about $24,732,000. Finally, Amundi grew its holdings in AECOM by 16.6% during the first quarter. Amundi now owns 1,683,266 shares of the construction company's stock worth $156,096,000 after acquiring an additional 239,608 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on ACM. Citigroup reaffirmed a "buy" rating and set a $137.00 target price (up from $122.00) on shares of AECOM in a report on Monday, July 28th. Truist Financial raised their target price on AECOM from $128.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday. KeyCorp raised their target price on AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. National Bank Financial assumed coverage on AECOM in a research report on Wednesday. They set an "outperform" rating and a $151.00 price target on the stock. Finally, Bank of America increased their price target on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of $133.20.

Insider Buying and Selling at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.

AECOM Stock Performance

Shares of ACM stock opened at $131.26 on Friday. The company has a market capitalization of $17.38 billion, a P/E ratio of 28.60, a P/E/G ratio of 1.79 and a beta of 1.03. The business's 50 day moving average is $125.18 and its two-hundred day moving average is $112.29. 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 has a 12-month low of $85.00 and a 12-month high of $133.81.

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 analysts' consensus estimates of $1.25 by $0.09. The company 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%.AECOM's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

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

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.

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