The Manufacturers Life Insurance Company Has $86.82 Million Holdings in AECOM $ACM

Key Points

• The Manufacturers Life Insurance Company significantly increased its holdings in AECOM by 421.9%, acquiring 936,273 shares valued at approximately $86.8 million.
• AECOM reported earnings of $1.34 per share, exceeding estimates, while revenues for the quarter reached $1.94 billion, though below analyst expectations.
• The stock has received multiple ratings upgrades, with target prices raised by several analysts, reflecting a generally positive outlook on AECOM's future performance.

The Manufacturers Life Insurance Company grew its stake in shares of AECOM (NYSE:ACM - Free Report) by 421.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 936,273 shares of the construction company's stock after buying an additional 756,859 shares during the period. The Manufacturers Life Insurance Company owned 0.71% of AECOM worth $86,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. TCTC Holdings LLC grew its holdings in shares of AECOM by 120.3% during the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after purchasing an additional 166 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of AECOM by 212.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock worth $29,000 after acquiring an additional 215 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of AECOM during the 1st quarter valued at approximately $33,000. Private Trust Co. NA increased its holdings in shares of 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 during the period. Finally, Eastern Bank bought a new position in AECOM in the 1st quarter worth approximately $49,000. 85.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction on Friday, August 15th. The shares were sold at an average price of $119.56, for a total transaction of $6,348,277.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.41% of the company's stock.

AECOM Price Performance

Shares of ACM traded down $0.84 during mid-day trading on Wednesday, reaching $124.10. The stock had a trading volume of 945,252 shares, compared to its average volume of 981,207. AECOM has a 12 month low of $85.00 and a 12 month high of $126.29. The business has a fifty day moving average of $117.06 and a 200 day moving average of $106.38. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $16.44 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.85 and a beta of 0.99.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.09. The company 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%.AECOM's revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Equities analysts predict that AECOM will post 5.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ACM shares. Royal Bank Of Canada raised their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird lifted their price target on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Wall Street Zen raised AECOM from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. KeyCorp raised their target price on shares of AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Barclays boosted their target price on shares of AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $128.44.

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.