AECOM $ACM Shares Purchased by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. increased its holdings in AECOM by 7.0%, acquiring an additional 2,617 shares, bringing its total to 40,186 shares valued at approximately $3.7 million.
• AECOM reported $1.34 earnings per share for the last quarter, exceeding analysts' expectations of $1.25, with revenue of $1.94 billion.
• Several brokerages have upgraded AECOM's stock ratings, with CitiGroup setting a new target price of $137.00, reflecting growing analyst confidence in the company's performance.

Resona Asset Management Co. Ltd. increased its position in shares of AECOM (NYSE:ACM - Free Report) by 7.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,186 shares of the construction company's stock after purchasing an additional 2,617 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in AECOM were worth $3,725,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ACM. Nuveen LLC acquired a new stake in shares of AECOM during the first quarter worth about $78,900,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in AECOM by 34.7% during the fourth 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 acquiring an additional 691,020 shares in the last quarter. Northern Trust Corp raised its position in AECOM by 53.5% during the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock valued at $177,844,000 after acquiring an additional 580,078 shares in the last quarter. Citigroup Inc. raised its position in AECOM by 33.4% during the first quarter. Citigroup Inc. now owns 680,059 shares of the construction company's stock valued at $63,062,000 after acquiring an additional 170,235 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in AECOM during the fourth quarter valued at approximately $16,957,000. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Price Performance

Shares of AECOM stock traded up $3.0070 on Friday, reaching $124.5870. The company's stock had a trading volume of 191,222 shares, compared to its average volume of 973,603. The company has a market capitalization of $16.50 billion, a P/E ratio of 27.13, a PEG ratio of 1.78 and a beta of 0.99. AECOM has a 52-week low of $85.00 and a 52-week high of $124.44. The stock has a 50-day moving average price of $114.92 and a 200-day moving average price of $105.28. 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 (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.09. The business 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%.The business's revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were given a $0.26 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. AECOM's payout ratio is 22.66%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ACM. Citigroup reiterated a "buy" rating and set a $137.00 price target (up from $122.00) on shares of AECOM in a research report on Monday, July 28th. KeyCorp lifted their price target on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada lifted their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded AECOM from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Robert W. Baird lifted their price target on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $128.44.

Insider Activity at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of the business's stock in a transaction that occurred 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 through the SEC website. 0.41% of the stock is owned by company insiders.

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.