BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 4,785 Shares of AECOM $ACM

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its stake in AECOM by 9.9%, selling 4,785 shares during the first quarter, leaving it with 43,551 shares valued at approximately $4,038,000.
• Analysts have increased price targets for AECOM, with Royal Bank Of Canada setting a new target at $126.00 and UBS Group at $139.00, while the consensus price target currently stands at $128.44.
• AECOM reported earnings of $1.34 per share for the recent quarter, surpassing estimates, alongside a revenue increase of 6.2% year-over-year, despite expectations falling short at $1.94 billion.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its stake in shares of AECOM (NYSE:ACM - Free Report) by 9.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,551 shares of the construction company's stock after selling 4,785 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in AECOM were worth $4,038,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. TCTC Holdings LLC grew its position in AECOM by 120.3% during the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after buying an additional 166 shares in the last quarter. 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. bought a new stake in AECOM during the fourth quarter worth $35,000. Private Trust Co. NA lifted its stake 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 purchasing an additional 112 shares during the last quarter. Finally, National Pension Service lifted its stake 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 purchasing an additional 225 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

Insider Activity at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of the stock in a transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ACM. Bank of America upped their target price on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada upped their target price on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Barclays upped their target price on AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. UBS Group upped their target price on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, KeyCorp upped their target price on AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $128.44.

AECOM Price Performance

Shares of ACM traded up $1.3060 during trading hours on Friday, reaching $122.8860. The stock had a trading volume of 816,381 shares, compared to its average volume of 773,828. AECOM has a 12 month low of $85.00 and a 12 month high of $124.65. The stock has a market capitalization of $16.28 billion, a PE ratio of 26.77, a PEG ratio of 1.82 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 company's 50-day moving average is $115.14 and its two-hundred day moving average is $105.39.

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 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 company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $4.33 billion. During the same period in the prior year, the company earned $1.16 EPS. AECOM's revenue was up 6.2% compared to the same quarter last year. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Research analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, July 2nd. AECOM's dividend 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.