MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 56,705 Shares of AECOM $ACM

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. sold 56,705 shares of AECOM, reducing its stake by 6.1%, leaving it with approximately 879,902 shares valued at $81.6 million.
• CEO Troy Rudd sold 53,097 shares for over $6.3 million, reflecting significant insider activity within the company.
• Recent analyst reports show a positive outlook for AECOM, with several firms upgrading their price targets, resulting in a consensus rating of "Buy" and an average target price of $128.44.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in shares of AECOM (NYSE:ACM - Free Report) by 6.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 879,902 shares of the construction company's stock after selling 56,705 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.67% of AECOM worth $81,593,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ACM. TCTC Holdings LLC lifted 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 acquiring an additional 166 shares during the last quarter. MAI Capital Management bought a new stake in shares of AECOM during the 1st quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted 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 acquiring an additional 215 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of AECOM during the 1st quarter worth approximately $33,000. Finally, Private Trust Co. NA lifted 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 acquiring an additional 112 shares during the last quarter. 85.41% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Troy Rudd sold 53,097 shares of AECOM 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 filing with the SEC, which is available through this link. Corporate insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup restated a "buy" rating and set a $137.00 price objective (up from $122.00) on shares of AECOM in a report on Monday, July 28th. UBS Group raised their price objective on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Bank of America raised their price objective on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. KeyCorp raised their price objective on AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Barclays raised their price objective on AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $128.44.

AECOM Trading Up 0.6%

Shares of NYSE:ACM opened at $126.69 on Friday. AECOM has a 12-month low of $85.00 and a 12-month high of $128.04. The business's fifty day simple moving average is $117.87 and its 200-day simple moving average is $106.85. The company has a market capitalization of $16.78 billion, a PE ratio of 27.60, a P/E/G ratio of 1.87 and a beta of 0.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

AECOM (NYSE:ACM - Get Free Report) last announced 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 business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the business posted $1.16 EPS. The business'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. As a group, equities research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

About AECOM

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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