IFM Investors Pty Ltd Cuts Stock Position in AECOM $ACM

Key Points

• IFM Investors Pty Ltd reduced its stake in AECOM by 8.4%, owning 23,864 shares after selling 2,185 shares, valued at approximately $2.69 million.
• CEO Troy Rudd sold 53,097 shares of AECOM stock for over $6.34 million in mid-August, indicative of significant insider trading activity.
• Research firms have raised target prices for AECOM, with Barclays setting it at $130 and UBS at $139, reflecting positive sentiment with a consensus rating of "Buy".

IFM Investors Pty Ltd cut its holdings in AECOM (NYSE:ACM - Free Report) by 8.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,864 shares of the construction company's stock after selling 2,185 shares during the quarter. IFM Investors Pty Ltd's holdings in AECOM were worth $2,693,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TCTC Holdings LLC grew its holdings in shares of AECOM by 120.3% in the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock valued at $28,000 after purchasing an additional 166 shares in the last quarter. MAI Capital Management purchased a new position in shares of AECOM in the first quarter valued at $28,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of AECOM by 212.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock valued at $29,000 after purchasing an additional 215 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of AECOM in the first quarter valued at $33,000. Finally, Private Trust Co. NA grew its holdings in shares of AECOM by 37.2% in the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after purchasing an additional 112 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AECOM

In other 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 transaction of $6,348,277.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ACM. Barclays raised their target price on shares of AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. UBS Group lifted their price objective on shares of AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Citigroup reaffirmed a "buy" rating and set a $137.00 price objective (up from $122.00) on shares of AECOM in a research note on Monday, July 28th. Wall Street Zen lowered shares of AECOM from a "buy" rating to a "hold" rating in a research note on Saturday, September 6th. Finally, KeyCorp lifted their price objective 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. Nine analysts have rated the stock with a Buy rating, According to MarketBeat, AECOM presently has a consensus rating of "Buy" and a consensus target price of $128.44.

AECOM Stock Performance

Shares of AECOM stock opened at $132.95 on Tuesday. The company has a market capitalization of $17.61 billion, a PE ratio of 28.97, a P/E/G ratio of 1.96 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 has a 50-day simple moving average of $120.84 and a two-hundred day simple moving average of $109.36. AECOM has a one year low of $85.00 and a one year high of $133.81.

AECOM (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The firm's revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 earnings per share. 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 fiscal year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. AECOM's 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.

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