AECOM $ACM Shares Sold by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management trimmed its holdings in AECOM by 3.6%, owning nearly 2.6 million shares valued at approximately $239.7 million after selling 95,323 shares.
• Equities analysts have given AECOM an overall consensus rating of "Buy", with target prices ranging from $124 to $139, suggesting strong confidence in the company's performance.
• A recent dividend announcement indicated AECOM will pay a quarterly dividend of $0.26 per share on October 17, reflecting an annualized yield of 0.8%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC trimmed its holdings in shares of AECOM (NYSE:ACM - Free Report) by 3.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,584,935 shares of the construction company's stock after selling 95,323 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.95% of AECOM worth $239,701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACM. TCTC Holdings LLC increased its position in shares of AECOM by 120.3% during the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after purchasing an additional 166 shares during the last quarter. MAI Capital Management acquired a new position in AECOM in the 1st quarter valued at about $28,000. Caitong International Asset Management Co. Ltd grew its position in AECOM by 212.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock valued at $29,000 after acquiring an additional 215 shares in the last quarter. SVB Wealth LLC acquired a new position in AECOM in the 1st quarter valued at about $33,000. Finally, Private Trust Co. NA grew its position in AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after acquiring an additional 112 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. KeyCorp lifted their target price on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Citigroup reaffirmed 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. 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. UBS Group lifted their target price on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Barclays lifted their target price on AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, AECOM has a consensus rating of "Buy" and an average price target of $128.44.

Insiders Place Their Bets

In related news, CEO Troy Rudd sold 53,097 shares of the business'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 transaction of $6,348,277.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

AECOM Stock Performance

Shares of AECOM stock opened at $127.64 on Friday. AECOM has a one year low of $85.00 and a one year high of $128.04. The company has a market cap of $16.91 billion, a PE ratio of 27.81, a P/E/G ratio of 1.86 and a beta of 0.99. 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 business has a 50-day simple moving average of $118.81 and a 200-day simple moving average of $107.61.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 EPS 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 business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the company posted $1.16 earnings per share. The business's revenue for the quarter 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, equities research analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

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

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