AECOM $ACM Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its position in AECOM (NYSE:ACM) by 6.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 278,529 shares of the construction company’s stock after buying an additional 17,121 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of AECOM worth $31,435,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Northern Trust Corp boosted its holdings in AECOM by 33.2% in the 1st quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company’s stock worth $205,713,000 after buying an additional 553,519 shares during the last quarter. Amundi boosted its holdings in shares of AECOM by 16.6% during the 1st quarter. Amundi now owns 1,683,266 shares of the construction company’s stock worth $156,096,000 after purchasing an additional 239,608 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of AECOM by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,261,386 shares of the construction company’s stock worth $116,961,000 after purchasing an additional 55,466 shares during the last quarter. Deutsche Bank AG boosted its holdings 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 last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of AECOM by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,080,814 shares of the construction company’s stock worth $100,224,000 after purchasing an additional 36,804 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of AECOM in a report on Wednesday, October 8th. Barclays boosted their target price on AECOM from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. National Bank Financial assumed coverage on AECOM in a report on Wednesday, October 8th. They set an “outperform” rating and a $151.00 target price on the stock. Citigroup boosted their target price on AECOM from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Finally, UBS Group lifted their price target on shares of AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $137.30.

AECOM Stock Down 0.2%

Shares of NYSE ACM opened at $132.23 on Wednesday. The firm has a market cap of $17.51 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.95 and a beta of 1.03. 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 has a 52-week low of $85.00 and a 52-week high of $134.88. The business’s 50 day moving average is $128.69 and its two-hundred day moving average is $116.17.

AECOM (NYSE:ACM) last announced its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.09. The company had revenue of $1.94 billion for 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 firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Research analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. AECOM’s payout ratio is presently 22.66%.

Insider Transactions at AECOM

In other AECOM 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 value of $6,348,277.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by insiders.

AECOM 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.