UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Trims Position in AECOM $ACM

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 lessened its position in AECOM (NYSE:ACM - Free Report) by 3.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,584,935 shares of the construction company's stock after selling 95,323 shares during the period. 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 large investors have also added to or reduced their stakes in the company. TCTC Holdings LLC boosted its position in AECOM by 120.3% during the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock valued at $28,000 after acquiring an additional 166 shares in the last quarter. MAI Capital Management bought a new position in shares of AECOM in the first quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted 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 buying an additional 215 shares in the last quarter. SVB Wealth LLC bought a new position in AECOM during the first quarter valued at approximately $33,000. Finally, Private Trust Co. NA lifted its position in AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after purchasing an additional 112 shares during the period. Institutional investors own 85.41% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays upped their target price on shares of AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. KeyCorp increased their price objective on shares of AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Wall Street Zen cut shares of AECOM from a "buy" rating to a "hold" rating in a research note on Saturday, September 6th. Bank of America raised their target price on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Citigroup reaffirmed a "buy" rating and set a $137.00 target price (up from $122.00) on shares of AECOM in a research note on Monday, July 28th. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $128.44.

Insider Buying and Selling

In related news, CEO Troy Rudd sold 53,097 shares of the firm's stock in a transaction dated 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 filing with the SEC, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.

AECOM Trading Up 0.2%

Shares of AECOM stock traded up $0.31 during trading on Wednesday, hitting $128.05. The stock had a trading volume of 216,506 shares, compared to its average volume of 974,406. The firm's fifty day simple moving average is $119.53 and its 200-day simple moving average is $108.28. The stock has a market cap of $16.96 billion, a PE ratio of 27.91, a PEG ratio of 1.89 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. AECOM has a 12 month low of $85.00 and a 12 month high of $128.70.

AECOM (NYSE:ACM - Get Free Report) last released 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. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The business's revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, sell-side analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Wednesday, October 1st will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, October 1st. 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.