Canada Pension Plan Investment Board Has $6.51 Million Holdings in AECOM $ACM

Key Points

• The Canada Pension Plan Investment Board has reduced its stake in AECOM by 31.0%, owning 70,196 shares valued at approximately $6.51 million after selling 31,504 shares in the first quarter.
• Analyst ratings for AECOM have improved, with Bank of America raising its price target to $124.00 and multiple analysts issuing "buy" ratings, indicating strong market confidence.
• CEO Troy Rudd sold 53,097 shares at an average price of $119.56, totaling over $6.3 million, and corporate insiders own 0.41% of the company's stock.

Canada Pension Plan Investment Board trimmed its holdings in shares of AECOM (NYSE:ACM - Free Report) by 31.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,196 shares of the construction company's stock after selling 31,504 shares during the period. Canada Pension Plan Investment Board owned about 0.05% of AECOM worth $6,509,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ACM. TCTC Holdings LLC boosted its stake in shares of AECOM by 120.3% during the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after buying an additional 166 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of AECOM by 212.9% during the 1st 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 during the last quarter. SVB Wealth LLC acquired a new position in shares of AECOM during the 1st quarter worth about $33,000. Private Trust Co. NA boosted its stake in shares of AECOM by 37.2% during the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after buying an additional 112 shares during the last quarter. Finally, Eastern Bank acquired a new position in shares of AECOM during the 1st quarter worth about $49,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACM has been the subject of a number of recent analyst reports. Bank of America raised their price objective on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Barclays lifted their target price on shares of AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Wall Street Zen downgraded shares of AECOM from a "buy" rating to a "hold" rating in a report on Saturday. KeyCorp lifted their target price on shares of AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, UBS Group lifted their target price on shares of AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $128.44.

Insider Buying and Selling

In related news, CEO Troy Rudd sold 53,097 shares of the business's stock in a transaction dated Friday, August 15th. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.

AECOM Price Performance

AECOM stock traded up $0.23 during mid-day trading on Monday, reaching $126.85. 103,313 shares of the company were exchanged, compared to its average volume of 975,995. The company has a fifty day simple moving average of $117.87 and a 200-day simple moving average of $106.94. AECOM has a 12 month low of $85.00 and a 12 month high of $128.04. 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 firm has a market cap of $16.80 billion, a PE ratio of 27.60, a PEG ratio of 1.88 and a beta of 0.99.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping 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 firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter last year, the company earned $1.16 EPS. The company's revenue was up 6.2% on a year-over-year basis. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, equities research analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.

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.