Atlas Arteria (ALX) is an ASX-listed company that owns and operates toll roads globally, with major assets in France, Germany, and the United States. IFM* Investors holds over 32% of Atlas Arteria , raising takeover speculation due to its large stake and the company’s attractive almost 8% dividend yield, a typical setup before more direct acquisition discussions – we’ve discussed the M&A prospects for ALX in previous notes. With interest rates set to fall into 2026, the risk/reward is appealing for ALX from both a yield perspective and capital gain, with the stock likely to remain well supported at ~$5.
*IFM Investors is a Melbourne-based global asset manager with $232 billion under management. Owned by 16–17 Australian industry super funds and one UK pension fund, it invests across infrastructure, private debt, listed and private equity, focusing on long-term returns aligned with its owners’ goals.
- We like ALX around $5.30. Its next dividend is due in September and is forecast to be 20c unfranked.
MM is bullish towards ALX for capital gains and yield
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