Findlay Park Partners LLP Reduces Stake in AECOM $ACM

Key Points

• Findlay Park Partners LLP reduced its stake in AECOM by 41.0%, selling 737,800 shares, and now holds approximately 1,063,327 shares valued at $98.6 million.
• A quarterly dividend of $0.26 per share was announced, reflecting an annualized dividend of $1.04 with a dividend yield of 0.8%.
• AECOM's latest earnings report indicated an EPS of $1.34, exceeding analysts' expectations of $1.25, while the company projected an EPS range of 5.200 to 5.300 for FY 2025.

Findlay Park Partners LLP reduced its stake in AECOM (NYSE:ACM - Free Report) by 41.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,063,327 shares of the construction company's stock after selling 737,800 shares during the quarter. Findlay Park Partners LLP owned approximately 0.80% of AECOM worth $98,602,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in 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 valued at $286,305,000 after buying an additional 691,020 shares in the last quarter. Northern Trust Corp grew its holdings in AECOM by 33.2% in the 1st quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company's stock valued at $205,713,000 after buying an additional 553,519 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in AECOM by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,261,386 shares of the construction company's stock valued at $116,961,000 after buying an additional 55,466 shares in the last quarter. Deutsche Bank AG grew its holdings in AECOM by 2.7% in the 1st quarter. Deutsche Bank AG now owns 1,144,329 shares of the construction company's stock valued at $106,114,000 after buying an additional 29,748 shares in the last quarter. Finally, AGF Management Ltd. grew its holdings in AECOM by 10.7% in the 1st quarter. AGF Management Ltd. now owns 964,757 shares of the construction company's stock valued at $89,462,000 after buying an additional 92,864 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Price Performance

ACM stock opened at $123.1430 on Tuesday. 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 capitalization of $16.31 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.82 and a beta of 0.99. The business's 50-day moving average is $115.34 and its two-hundred day moving average is $105.50. AECOM has a 1 year low of $85.00 and a 1 year high of $124.65.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (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 for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter last year, the company earned $1.16 EPS. AECOM's revenue for the quarter was up 6.2% compared to the same quarter last year. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal 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 given a dividend of $0.26 per share. 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 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 firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $119.56, for a total transaction of $6,348,277.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on ACM shares. Wall Street Zen upgraded AECOM from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Barclays upped their price target on AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Robert W. Baird upped their price target on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada upped their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Citigroup reaffirmed a "buy" rating and issued a $137.00 price target (up previously from $122.00) on shares of AECOM in a research note on Monday, July 28th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, AECOM has an average rating of "Buy" and a consensus target price of $128.44.

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.

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