October 5, 2023
Bank Julius Baer & Co. Ltd Zurich Acquires New Position in AECOM Shares
Bank Julius Baer & Co. Ltd Zurich recently purchased a new position in shares of AECOM, a leading construction company listed on the New York Stock Exchange (NYSE:ACM). According to the company’s most recent Form 13F filing with the Securities and Exchange Commission (SEC), the institutional investor acquired 952,149 shares of AECOM’s stock, valued at approximately $80,637,000. This purchase made Bank Julius Baer & Co. Ltd Zurich the owner of approximately 0.68% of AECOM as of its latest filing with the SEC.
A number of equities analysts have provided their insights on ACM shares lately. StockNews.com downgraded AECOM from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Credit Suisse Group also reduced their target price for AECOM from $101.00 to $99.00 while maintaining an “outperform” rating for the company in a research note issued on Wednesday, August 9th. Currently, one analyst has assigned a hold rating to the stock while six have given it a buy rating. According to data from Bloomberg, AECOM has an average rating of “Moderate Buy” and an average price target of $99.14.
On Thursday, shares of ACM opened at $80.89. The business has reported a fifty-day moving average price of $85.59 and a two-hundred-day moving average price of $83.93. Over the past year, AECOM’s stock has fluctuated between its lowest point at $68.08 and its highest point at $92.16. With a market capitalization amounting to $11.22 billion, AECOM currently holds a PE ratio of 84.26, a price-to-earnings-growth ratio of 1.70, and a beta of 1.30. The company maintains a debt-to-equity ratio of 0.82, along with current and quick ratios of 1.10.
The recent acquisition by Bank Julius Baer & Co. Ltd Zurich highlights the confidence they have in AECOM’s potential for growth and success in the construction industry. With positive ratings from analysts suggesting a moderate buy, investors are likely to monitor AECOM closely as it continues to navigate the evolving market landscape.
Disclaimer: The information presented here is solely for informational purposes and should not be construed as investment advice. Please consult your financial advisor before making any investment decisions.
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AECOM Sees Significant Buying and Selling from Institutional Investors, CEO Sells Shares
AECOM, a renowned construction company, has recently seen significant buy and sell activities from institutional investors and hedge funds. Moneta Group Investment Advisors LLC, for instance, increased its holdings in AECOM by a staggering 106,750.4% during the fourth quarter. This boost resulted in Moneta Group now owning 3,422,418 shares of the company’s stock worth an estimated $290,666,000.
Norges Bank is another notable investor that purchased a new position in AECOM during the fourth quarter, reportedly worth approximately $214,427,000. Additionally, BlackRock Inc. witnessed a surge in its holdings of AECOM by 17.7% during the first quarter. Consequently, BlackRock now owns a substantial 15,881,712 shares of the company’s stock with an estimated value of $1,339,146,000.
The first quarter also brought about a significant increase in holdings from JPMorgan Chase & Co., with their stake growing by 106.4%. The bank now owns 3,315,066 shares of AECOM’s stock worth around $279,525,000 as a result of this growth. Finally, Findlay Park Partners LLP experienced an impressive boost in their holdings by 467.9%, which adds up to around 1,657,.749 shares valued at $139,.781,.000.
Institutional investors and hedge funds now own a remarkable 84.79% of AECOM’s stock.
In other news concerning AECOM’s performance this year thus far was CEO Troy Rudd selling 78,.097 shares on Tuesday، August، ????,???? at an average price of $88.33 per share resulting in a sale value totaling $6,.898,.???.01
Following this transaction,
RAudd currently holds (?number) shares with an estimated value amounting to worth (amount).
Equities analysts have also weighed in on AECOM stock, with StockNews.com downgrading their rating from “buy” to “hold” in a recent research note released on September 26th. Credit Suisse Group likewise contributed to the analysis, reducing their target price for AECOM from $101.00 to $99.00 while maintaining an “outperform” rating for the company.
Based on data gathered from Bloomberg, AECOM has received an average rating of “Moderate Buy” from analysts along with an average price target of $99.14.
AECOM recently announced its quarterly earnings data on Tuesday, August 8th, which revealed that the construction company had earned $0.94 earnings per share (EPS) for the quarter. This figure fell just short of the consensus estimate of $0.95 by ($0.01). Despite this minor setback, AECOM still managed a return on equity of 19.02% and a net margin of 0.97%. The firm’s revenue for the quarter amounted to $3.49 billion, surpassing the consensus estimate of $1.67 billion.
Compared to the same quarter last year, AECOM experienced a 7.7% increase in revenue during Q2 2023.The business had generated$XXX millionrevenue during these three months(Q2-2023 specific)
Equities research analysts are currently forecasting that AECOM will post an EPS of $3.71forthe current year
In addition to these developments, AECOM has also recently disclosed plans for a quarterly dividend payment due on Friday, October 20th،????. Shareholders who were recorded as such on Thursday، October، ????,???? will receive a dividend of $0.18 per share.
This equates to an annualized dividend amounting to $0.?2 per share and providing investors with a promising yield of 0.89%. Mark your calendars; the ex-dividend date is scheduled for Wednesday, October 4th.
Presently,AECOM’s dividend payout ratio (DPR) stands at an impressive 75.00%, highlighting the company’s commitment to rewarding shareholders with consistent dividends.
