AECOM $ACM Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its stake in AECOM by 28.3%, owning 7,399 shares valued at $686,000 after selling 2,926 shares in the first quarter.
• AECOM reported earnings of $1.34 per share for the quarter, exceeding expectations and showcasing a year-over-year revenue increase of 6.2%.
• The company declared a quarterly dividend of $0.26, contributing to an annualized dividend yield of 0.9% and a payout ratio of 22.66%.

Gulf International Bank UK Ltd reduced its position in shares of AECOM (NYSE:ACM - Free Report) by 28.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,399 shares of the construction company's stock after selling 2,926 shares during the period. Gulf International Bank UK Ltd's holdings in AECOM were worth $686,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ACM. S Bank Fund Management Ltd purchased a new stake in shares of AECOM during the first quarter worth approximately $1,912,000. National Pension Service boosted its stake in AECOM by 75.0% during the 1st quarter. National Pension Service now owns 525 shares of the construction company's stock worth $49,000 after purchasing an additional 225 shares during the last quarter. Prudential PLC grew its holdings in shares of AECOM by 7.4% during the first quarter. Prudential PLC now owns 14,007 shares of the construction company's stock worth $1,299,000 after buying an additional 970 shares in the last quarter. Resona Asset Management Co. Ltd. raised its position in shares of AECOM by 7.0% in the first quarter. Resona Asset Management Co. Ltd. now owns 40,186 shares of the construction company's stock valued at $3,725,000 after buying an additional 2,617 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of AECOM by 204.3% in the first quarter. HighTower Advisors LLC now owns 43,998 shares of the construction company's stock valued at $4,080,000 after buying an additional 29,541 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company's stock.

Wall Street Analyst Weigh In

ACM has been the topic of a number of recent research reports. KeyCorp boosted their price target on shares of AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada raised their target price on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. UBS Group upped their price target on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen upgraded AECOM from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Bank of America boosted their price objective on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $128.44.

AECOM Trading Down 0.6%

AECOM stock traded down $0.7190 during mid-day trading on Wednesday, hitting $120.0510. The company's stock had a trading volume of 529,619 shares, compared to its average volume of 981,037. The stock's fifty day moving average is $114.58 and its two-hundred day moving average is $105.06. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $15.90 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. AECOM has a 1 year low of $85.00 and a 1 year high of $122.04.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.25 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The company's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) is 22.66%.

Insider Buying and Selling at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of the business's 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 filing with the SEC, which is available through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

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.