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Ninety One UK Ltd Decreases Holdings in AECOM $ACM

AECOM logo with Construction background

Key Points

  • Ninety One UK Ltd reduced its stake in AECOM by 3.7% during the second quarter, now owning 1.00% of the company valued at approximately $148.9 million.
  • Several analysts have recently upgraded their ratings and target prices for AECOM, with a current average target of $128.44 and a consensus rating of "Buy."
  • AECOM is scheduled to pay a quarterly dividend of $0.26 on October 17th, which represents an annual yield of 0.8% and a payout ratio of 22.66%.
  • Five stocks to consider instead of AECOM.

Ninety One UK Ltd trimmed its holdings in shares of AECOM (NYSE:ACM - Free Report) by 3.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,319,548 shares of the construction company's stock after selling 50,276 shares during the period. Ninety One UK Ltd owned 1.00% of AECOM worth $148,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of ACM. Cordatus Wealth Management LLC lifted its holdings in shares of AECOM by 3.7% in the 1st quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company's stock valued at $266,000 after purchasing an additional 101 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of AECOM by 2.1% in the 2nd quarter. Pallas Capital Advisors LLC now owns 5,214 shares of the construction company's stock valued at $588,000 after purchasing an additional 107 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of AECOM by 37.2% in the 1st 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 during the last quarter. Signaturefd LLC lifted its holdings in shares of AECOM by 21.1% in the 2nd quarter. Signaturefd LLC now owns 707 shares of the construction company's stock valued at $80,000 after purchasing an additional 123 shares during the last quarter. Finally, Gateway Investment Advisers LLC raised its stake in AECOM by 7.8% during the 1st quarter. Gateway Investment Advisers LLC now owns 2,196 shares of the construction company's stock valued at $204,000 after acquiring an additional 158 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ACM has been the subject of several analyst reports. Bank of America upped their price objective on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. 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. UBS Group upped their price objective on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Barclays upped their price objective on AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen raised AECOM from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, AECOM has a consensus rating of "Buy" and an average price target of $128.44.

Get Our Latest Analysis on AECOM

AECOM Trading Up 0.5%

NYSE:ACM opened at $130.50 on Wednesday. The stock has a fifty day moving average price of $122.82 and a two-hundred day moving average price of $110.71. The stock has a market capitalization of $17.28 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 1.93 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. AECOM has a 1 year low of $85.00 and a 1 year high of $133.81.

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

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st will be given a $0.26 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.04 annualized dividend and a yield of 0.8%. AECOM's dividend payout ratio is presently 22.66%.

Insider Transactions at AECOM

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.41% of the company's stock.

AECOM Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ACM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AECOM (NYSE:ACM - Free Report).

Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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