10,100 Shares in AECOM (NYSE:ACM) Purchased by Axa S.A.

Posted by on Mar 1st, 2023

Axa S.A. purchased a new stake in shares of AECOM (NYSE:ACM – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,100 shares of the construction company’s stock, valued at approximately $690,000.

Several other institutional investors also recently bought and sold shares of ACM. Pictet Asset Management SA increased its position in shares of AECOM by 2.3% in the third quarter. Pictet Asset Management SA now owns 5,597,512 shares of the construction company’s stock valued at $382,702,000 after buying an additional 124,500 shares in the last quarter. State Street Corp raised its holdings in shares of AECOM by 4.0% in the 1st quarter. State Street Corp now owns 4,010,268 shares of the construction company’s stock valued at $308,029,000 after buying an additional 156,072 shares during the period. Invesco Ltd. raised its holdings in shares of AECOM by 39.2% in the 1st quarter. Invesco Ltd. now owns 3,456,275 shares of the construction company’s stock valued at $265,478,000 after buying an additional 972,449 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of AECOM by 12.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,284,392 shares of the construction company’s stock valued at $83,768,000 after buying an additional 142,075 shares during the period. Finally, Amundi increased its holdings in AECOM by 10.7% during the 2nd quarter. Amundi now owns 1,246,715 shares of the construction company’s stock worth $81,150,000 after purchasing an additional 120,745 shares during the period. 84.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AECOM

In other AECOM news, CEO Troy Rudd sold 139,308 shares of the company’s stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $82.51, for a total value of $11,494,303.08. Following the completion of the sale, the chief executive officer now directly owns 183,237 shares in the company, valued at $15,118,884.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other AECOM news, CEO Troy Rudd sold 139,308 shares of the business’s stock in a transaction on Friday, December 16th. The shares were sold at an average price of $82.51, for a total transaction of $11,494,303.08. Following the sale, the chief executive officer now directly owns 183,237 shares of the company’s stock, valued at approximately $15,118,884.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Lara Poloni sold 6,498 shares of the business’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $83.10, for a total transaction of $539,983.80. Following the sale, the president now directly owns 73,351 shares in the company, valued at $6,095,468.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,606 shares of company stock worth $12,269,375. Company insiders own 0.40% of the company’s stock.

AECOM Stock Down 0.5 %

Shares of AECOM stock opened at $86.36 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. The firm has a market cap of $12.00 billion, a P/E ratio of 36.13, a P/E/G ratio of 2.15 and a beta of 1.31. AECOM has a fifty-two week low of $60.74 and a fifty-two week high of $92.16. The business has a 50-day moving average price of $86.60 and a 200 day moving average price of $79.71.

AECOM (NYSE:ACM – Get Rating) last posted its earnings results on Tuesday, February 7th. The construction company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.38 billion. AECOM had a return on equity of 18.50% and a net margin of 2.54%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 earnings per share. On average, sell-side analysts forecast that AECOM will post 3.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

ACM has been the topic of a number of recent analyst reports. StockNews.com downgraded AECOM from a “buy” rating to a “hold” rating in a report on Tuesday. KeyCorp raised their price target on AECOM from $91.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, January 17th. Barclays raised their price target on AECOM from $90.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, January 13th. Royal Bank of Canada raised their price objective on AECOM from $94.00 to $102.00 in a research note on Wednesday, February 8th. Finally, Credit Suisse Group raised AECOM from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $95.00 to $98.00 in a research note on Thursday, January 12th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, AECOM presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.43.

AECOM Profile

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AECOM engages in the design, manufacture, financing, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Americas, International, and AECOM Capital. The Americas segment deals with planning, consulting, architectural and engineering design and construction management services to commercial and government clients in the United States, Canada and Latin America in major end markets such as transportation, water, government, facilities, environmental and energy.

See Also

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Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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