Allianz Asset Management GmbH Reduces Holdings in AECOM $ACM

Allianz Asset Management GmbH cut its holdings in AECOM (NYSE:ACM) by 20.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,476 shares of the construction company’s stock after selling 18,375 shares during the period. Allianz Asset Management GmbH owned 0.06% of AECOM worth $8,293,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. MAI Capital Management purchased a new stake in shares of AECOM in the 1st quarter worth $28,000. TCTC Holdings LLC raised its stake in shares of AECOM by 120.3% in the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock worth $28,000 after buying an additional 166 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of AECOM by 212.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company’s stock valued at $29,000 after buying an additional 215 shares in the last quarter. SVB Wealth LLC bought a new position in shares of AECOM during the 1st quarter valued at approximately $33,000. Finally, Private Trust Co. NA increased its holdings in AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock worth $38,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

ACM has been the subject of a number of recent analyst reports. National Bank Financial initiated coverage on shares of AECOM in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $151.00 price target for the company. Wall Street Zen downgraded shares of AECOM from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reissued a “buy (b)” rating on shares of AECOM in a report on Wednesday, October 8th. KeyCorp raised their price target on AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a report on Monday. Finally, Truist Financial raised their price target on AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $137.30.

AECOM Price Performance

NYSE:ACM opened at $134.43 on Wednesday. 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 business’s 50-day simple moving average is $127.54 and its two-hundred day simple moving average is $114.56. The stock has a market cap of $17.81 billion, a PE ratio of 29.29, a P/E/G 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.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.09. The firm 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 quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

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

Insider Buying and Selling at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently 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.