Vontobel Holding Ltd. Purchases 22,376 Shares of AECOM $ACM

Key Points

• Vontobel Holding Ltd. increased its stake in AECOM by 21.3%, acquiring an additional 22,376 shares to own a total of 127,353 shares worth approximately $14.4 million.
• Several institutional investors, including Northern Trust Corp and Amundi, have also increased their holdings in AECOM, demonstrating strong institutional interest with 85.41% of the stock owned by institutional investors.
• Analysts have predominantly rated AECOM as a "buy", with a consensus target price of $133.20, following multiple upgrades and positive earnings reports which showed strong revenue and earnings per share growth.

Vontobel Holding Ltd. boosted its position in shares of AECOM (NYSE:ACM - Free Report) by 21.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,353 shares of the construction company's stock after acquiring an additional 22,376 shares during the quarter. Vontobel Holding Ltd. owned 0.10% of AECOM worth $14,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACM. Northern Trust Corp increased its holdings in shares of AECOM by 33.2% in the first quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company's stock valued at $205,713,000 after purchasing an additional 553,519 shares during the last quarter. Amundi increased its holdings in shares of AECOM by 16.6% in the first quarter. Amundi now owns 1,683,266 shares of the construction company's stock valued at $156,096,000 after purchasing an additional 239,608 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of AECOM by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,261,386 shares of the construction company's stock valued at $116,961,000 after purchasing an additional 55,466 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of AECOM by 2.7% in the first quarter. Deutsche Bank AG now owns 1,144,329 shares of the construction company's stock valued at $106,114,000 after purchasing an additional 29,748 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of AECOM by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,080,814 shares of the construction company's stock valued at $100,224,000 after purchasing an additional 36,804 shares during the last quarter. 85.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

ACM has been the topic of several research reports. Wall Street Zen upgraded shares of AECOM from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Bank of America upped their price objective on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Weiss Ratings reiterated a "buy (b)" rating on shares of AECOM in a report on Wednesday. National Bank Financial assumed coverage on shares of AECOM in a research note on Wednesday. They issued an "outperform" rating and a $151.00 price target on the stock. Finally, Barclays upped their price target on shares of AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat, AECOM currently has a consensus rating of "Buy" and a consensus target price of $133.20.

AECOM Trading Down 1.0%

ACM stock opened at $131.26 on Friday. 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's 50-day simple moving average is $125.18 and its 200 day simple moving average is $112.29. AECOM has a 52 week low of $85.00 and a 52 week high of $133.81. The company has a market capitalization of $17.38 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 1.79 and a beta of 1.03.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly 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 business had revenue of $1.94 billion for 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%. AECOM's revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company 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 year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, October 1st. 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 dated Friday, August 15th. The shares were sold at an average price of $119.56, for a total transaction of $6,348,277.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by 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.

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