AECOM $ACM Shares Sold by Thematics Asset Management

Key Points

• Thematics Asset Management reduced its stake in AECOM by 5.1%, owning approximately 100,081 shares valued at $9.28 million after the divestment.
• A recent earnings report showed AECOM's earnings per share (EPS) at $1.34, exceeding analysts' expectations, with revenues increasing by 6.2% compared to the previous year.
• Institutional investors hold 85.41% of AECOM's stock, with several firms significantly increasing their positions in the first quarter.

Thematics Asset Management trimmed its holdings in shares of AECOM (NYSE:ACM - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,081 shares of the construction company's stock after selling 5,391 shares during the period. Thematics Asset Management owned about 0.08% of AECOM worth $9,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. TCTC Holdings LLC raised its stake 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 raised its stake in shares of AECOM by 212.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of AECOM in the fourth quarter worth about $35,000. SVB Wealth LLC purchased a new position in shares of AECOM in the first quarter worth about $33,000. Finally, Private Trust Co. NA raised its stake in shares of AECOM by 37.2% in the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ACM shares. 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. UBS Group lifted their price target on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Barclays lifted their price objective on AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Bank of America lifted their target price on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen raised AECOM from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, AECOM currently has an average 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 the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $119.56, for a total transaction of $6,348,277.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by corporate insiders.

AECOM Price Performance

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

AECOM (NYSE:ACM - Get Free Report) last posted 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. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $4.33 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The business'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. Equities research analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.04 annualized dividend 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.