APG Asset Management N.V. Sells 3,106 Shares of AECOM $ACM

Key Points

• APG Asset Management N.V. has reduced its stock holdings in AECOM by 28.6% in the first quarter, bringing their total shares to 7,759 valued at $666,000.
• A number of institutional investors have significantly increased their positions in AECOM, with TCTC Holdings LLC and Caitong International Asset Management Co. Ltd raising their stakes by 120.3% and 212.9%, respectively.
• Wall Street analysts are optimistic about AECOM's future, with multiple firms raising their price targets, leading to an average price target of $128.44 and a consensus rating of "Buy."

APG Asset Management N.V. decreased its holdings in AECOM (NYSE:ACM - Free Report) by 28.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,759 shares of the construction company's stock after selling 3,106 shares during the period. APG Asset Management N.V.'s holdings in AECOM were worth $666,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AECOM by 34.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company's stock worth $286,305,000 after purchasing an additional 691,020 shares in the last quarter. Northern Trust Corp grew its holdings in shares of AECOM by 33.2% in 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. Dimensional Fund Advisors LP grew its holdings in shares of AECOM by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,261,386 shares of the construction company's stock worth $116,961,000 after acquiring an additional 55,466 shares during the period. Deutsche Bank AG grew its holdings in shares of AECOM by 2.7% in the first quarter. Deutsche Bank AG now owns 1,144,329 shares of the construction company's stock worth $106,114,000 after acquiring an additional 29,748 shares during the period. Finally, AGF Management Ltd. grew its holdings in shares of AECOM by 10.7% in the first quarter. AGF Management Ltd. now owns 964,757 shares of the construction company's stock worth $89,462,000 after acquiring an additional 92,864 shares during the period. Institutional investors own 85.41% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on ACM shares. UBS Group lifted their price objective on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Robert W. Baird lifted their price objective on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Wall Street Zen raised AECOM from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Citigroup reaffirmed a "buy" rating and issued a $137.00 price objective (up previously from $122.00) on shares of AECOM in a report on Monday, July 28th. Finally, Bank of America lifted their price objective on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat, AECOM currently has an average rating of "Buy" and an average price target of $128.44.

Insider Transactions at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of the company'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 SEC, which is accessible through this link. 0.41% of the stock is currently owned by company insiders.

AECOM Price Performance

Shares of NYSE ACM traded down $0.77 during mid-day trading on Friday, reaching $124.97. The company's stock had a trading volume of 938,186 shares, compared to its average volume of 863,626. The firm has a market capitalization of $16.55 billion, a PE ratio of 27.23, 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 current ratio of 1.17 and a quick ratio of 1.17. The stock has a fifty day moving average of $116.54 and a two-hundred day moving average of $106.03. AECOM has a 52 week low of $85.00 and a 52 week high of $126.29.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Monday, August 4th. The construction company reported $1.34 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%.The firm's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, sell-side analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. AECOM's dividend payout ratio is 22.66%.

AECOM 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.