Allianz Asset Management GmbH Reduces Stake in AECOM $ACM

Allianz Asset Management GmbH lowered its stake in AECOM (NYSE:ACM) by 20.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,476 shares of the construction company’s stock after selling 18,375 shares during the period. Allianz Asset Management GmbH’s holdings in AECOM were worth $8,293,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ACM. Nuveen LLC purchased a new position in AECOM in the first quarter worth about $78,900,000. The Manufacturers Life Insurance Company boosted its position in shares of AECOM by 421.9% during the first quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company’s stock valued at $86,821,000 after buying an additional 756,859 shares during the period. Northern Trust Corp boosted its holdings in AECOM by 33.2% during the 1st quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company’s stock valued at $205,713,000 after acquiring an additional 553,519 shares during the period. Strs Ohio purchased a new position in AECOM during the 1st quarter valued at $24,732,000. Finally, Amundi boosted its holdings in AECOM by 16.6% during the 1st quarter. Amundi now owns 1,683,266 shares of the construction company’s stock valued at $156,096,000 after acquiring an additional 239,608 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Insider Buying and Selling at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of the business’s stock in a transaction on 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 document filed with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by company insiders.

AECOM Stock Performance

Shares of NYSE:ACM opened at $134.43 on Wednesday. The company has a market capitalization of $17.81 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 1.96 and a beta of 1.03. AECOM has a 52 week low of $85.00 and a 52 week high of $134.88. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a 50 day moving average of $127.54 and a 200 day moving average of $114.56.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 27.87% and a net margin of 3.82%.The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, sell-side analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, October 1st. 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 Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays boosted their price objective on AECOM from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday. Bank of America boosted their price target on AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. UBS Group boosted their price target on AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. KeyCorp boosted their price target on AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a report on Monday. Finally, Citigroup boosted their price target on AECOM from $140.00 to $150.00 and gave the company a “buy” rating in a report on Monday. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $137.30.

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.