Russell Investments Group Ltd. Has $16.78 Million Position in AECOM $ACM

Key Points

• Russell Investments Group Ltd. reduced its stake in AECOM by 20.0%, selling 45,285 shares and owning a total of 181,172 shares valued at approximately $16.78 million at the end of the reporting period.
• Analysts have recently raised their price targets for AECOM, with Barclays increasing it from $120 to $130, indicating an overall optimistic sentiment, as evidenced by the stock's consensus rating of "Buy".
• AECOM announced a quarterly dividend of $0.26 per share, translating to an annual yield of 0.9% and a payout ratio of 22.66%.

Russell Investments Group Ltd. lowered its holdings in AECOM (NYSE:ACM - Free Report) by 20.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,172 shares of the construction company's stock after selling 45,285 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of AECOM worth $16,784,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of AECOM by 34.7% during the 4th 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 worth $286,305,000 after purchasing an additional 691,020 shares during the period. Northern Trust Corp boosted its position in shares of AECOM by 53.5% during the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock worth $177,844,000 after purchasing an additional 580,078 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of AECOM by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,205,920 shares of the construction company's stock worth $128,820,000 after purchasing an additional 94,880 shares during the period. Deutsche Bank AG boosted its position in shares of AECOM by 2.7% during the 1st quarter. Deutsche Bank AG now owns 1,144,329 shares of the construction company's stock worth $106,114,000 after purchasing an additional 29,748 shares during the period. Finally, AGF Management Ltd. boosted its position in shares of AECOM by 10.7% during the 1st quarter. AGF Management Ltd. now owns 964,757 shares of the construction company's stock worth $89,462,000 after purchasing an additional 92,864 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

Insider Buying and Selling

In related news, CEO Troy Rudd sold 53,097 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ACM. Royal Bank Of Canada boosted their price target on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Citigroup reiterated a "buy" rating and issued a $137.00 price target (up previously from $122.00) on shares of AECOM in a research report on Monday, July 28th. Barclays lifted their target price on AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. KeyCorp boosted their target price on shares of AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised AECOM from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, AECOM has a consensus rating of "Buy" and a consensus price target of $128.44.

AECOM Stock Up 2.5%

ACM 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 business's 50 day moving average is $114.92 and its 200 day moving average is $105.28. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. AECOM has a 1 year low of $85.00 and a 1 year high of $124.44. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.25 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates 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 prior year, the company earned $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, research analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were given a dividend of $0.26 per share. The ex-dividend date of this dividend 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%.

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.