Qube Research & Technologies Ltd Sells 304,113 Shares of AECOM $ACM

by · The Cerbat Gem

Qube Research & Technologies Ltd lessened its holdings in AECOM (NYSE:ACMFree Report) by 34.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 570,944 shares of the construction company’s stock after selling 304,113 shares during the quarter. Qube Research & Technologies Ltd owned approximately 0.43% of AECOM worth $64,437,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ACM. Invesco Ltd. boosted its stake in AECOM by 79.1% in the second quarter. Invesco Ltd. now owns 4,361,755 shares of the construction company’s stock valued at $492,268,000 after acquiring an additional 1,926,466 shares during the last quarter. Northern Trust Corp lifted its stake in shares of AECOM by 33.2% in the 1st 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 period. Amundi boosted its position in shares of AECOM by 9.7% in the 2nd quarter. Amundi now owns 1,846,136 shares of the construction company’s stock worth $208,355,000 after purchasing an additional 162,870 shares during the last quarter. Norges Bank acquired a new stake in shares of AECOM during the second quarter worth $200,879,000. Finally, Impax Asset Management Group plc grew its stake in shares of AECOM by 0.9% during the second quarter. Impax Asset Management Group plc now owns 1,516,823 shares of the construction company’s stock worth $171,189,000 after purchasing an additional 13,453 shares during the period. 85.41% of the stock is owned by institutional investors.

AECOM Stock Performance

Shares of ACM stock opened at $99.75 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.14 and a current ratio of 1.14. AECOM has a 52 week low of $85.00 and a 52 week high of $135.52. The company’s 50 day moving average price is $122.13 and its two-hundred day moving average price is $119.59. The company has a market capitalization of $13.21 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05.

AECOM (NYSE:ACMGet Free Report) last released its quarterly earnings results on Tuesday, November 18th. The construction company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.02. AECOM had a net margin of 3.48% and a return on equity of 27.35%. The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the prior year, the company earned $1.27 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. AECOM has set its FY 2026 guidance at 5.650-5.850 EPS. On average, analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Wednesday, January 7th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 7th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. This is a positive change from AECOM’s previous quarterly dividend of $0.26. AECOM’s dividend payout ratio (DPR) is 24.70%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Robert W. Baird reduced their target price on AECOM from $144.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, November 19th. Baird R W lowered shares of AECOM from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Truist Financial boosted their price objective on shares of AECOM from $146.00 to $148.00 and gave the company a “buy” rating in a report on Friday, November 21st. Wall Street Zen downgraded shares of AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, Royal Bank Of Canada reduced their price target on shares of AECOM from $142.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $141.90.

Read Our Latest Stock Analysis on AECOM

AECOM Profile

(Free Report)

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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