Fjarde AP Fonden Fourth Swedish National Pension Fund Has $7.01 Million Position in AECOM $ACM

Key Points

• The Fourth Swedish National Pension Fund reduced its holdings in AECOM by 9.8%, decreasing ownership to approximately 75,577 shares valued at around $7 million.
• Several institutional investors increased their stakes in AECOM, with Neuberger Berman raising its position by 24% and Caitong International increasing its stake by 212.9% in the first quarter.
• AECOM's stock has received favorable ratings from analysts, with an average target price of $128.44 and multiple upgrades, indicating strong market confidence in its growth potential.

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of AECOM (NYSE:ACM - Free Report) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,577 shares of the construction company's stock after selling 8,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund owned about 0.06% of AECOM worth $7,008,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Neuberger Berman Group LLC lifted its position in shares of AECOM by 24.0% during the first quarter. Neuberger Berman Group LLC now owns 7,351 shares of the construction company's stock worth $682,000 after purchasing an additional 1,421 shares in the last quarter. Boston Partners acquired a new position in shares of AECOM during the first quarter worth $9,963,000. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 purchasing an additional 215 shares in the last quarter. S Bank Fund Management Ltd acquired a new position in shares of AECOM during the first quarter worth $1,912,000. Finally, National Pension Service lifted its position in shares of 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 in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Wall Street Zen raised shares of AECOM from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Bank of America boosted their target price on shares of AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. KeyCorp lifted their price target on shares of AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Finally, Citigroup restated 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $128.44.

Insiders Place Their Bets

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the company's stock in a transaction dated Friday, August 15th. The shares were 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company's stock.

AECOM Stock Performance

ACM stock traded up $1.5970 during trading on Thursday, hitting $121.6870. 115,752 shares of the company's stock traded hands, compared to its average volume of 975,521. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. AECOM has a 52 week low of $85.00 and a 52 week high of $122.04. The stock has a fifty day moving average price of $114.73 and a two-hundred day moving average price of $105.16. The stock has a market capitalization of $16.12 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.25 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The company's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, equities analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's dividend payout ratio is presently 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.