BI Asset Management Fondsmaeglerselskab A S Has $29.47 Million Holdings in AECOM $ACM

Key Points

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BI Asset Management Fondsmaeglerselskab A S lifted its holdings in AECOM (NYSE:ACM - Free Report) by 14.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 317,837 shares of the construction company's stock after purchasing an additional 39,759 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.24% of AECOM worth $29,473,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. TCTC Holdings LLC increased its stake in shares of AECOM by 120.3% in the first 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 period. Caitong International Asset Management Co. Ltd grew its position in AECOM by 212.9% during 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. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in AECOM during the fourth quarter worth about $35,000. Private Trust Co. NA grew 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 worth $38,000 after buying an additional 112 shares in the last quarter. Finally, National Pension Service grew its position in AECOM by 75.0% during the first quarter. National Pension Service now owns 525 shares of the construction company's stock worth $49,000 after buying an additional 225 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ACM shares. Bank of America lifted their target price on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada lifted their target price on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Barclays lifted their target price on AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Robert W. Baird lifted their target price on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, UBS Group lifted their target price on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $128.44.

AECOM Price Performance

NYSE ACM traded up $1.3060 during trading on Friday, reaching $122.8860. 816,381 shares of the company traded hands, compared to its average volume of 766,199. 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 stock's 50 day moving average price is $115.14 and its two-hundred day moving average price is $105.41. The company has a market cap of $16.28 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 1.80 and a beta of 0.99. AECOM has a 1-year low of $85.00 and a 1-year high of $124.65.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating 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 company's quarterly revenue 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, analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's payout ratio is presently 22.66%.

Insider Activity 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 stock was sold at an average price of $119.56, for a total value of $6,348,277.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by 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.