AECOM $ACM Position Boosted by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. increased its holdings in AECOM shares by 23.9% during the first quarter, now owning 45,845 shares valued at $4.25 million.
• CEO Troy Rudd sold 53,097 shares of AECOM for about $6.35 million on August 15th.
• Analysts have a consensus "Buy" rating on AECOM, with price targets ranging from $124 to $137, reflecting positive growth expectations for the company.

Baird Financial Group Inc. lifted its position in shares of AECOM (NYSE:ACM - Free Report) by 23.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,845 shares of the construction company's stock after purchasing an additional 8,854 shares during the period. Baird Financial Group Inc.'s holdings in AECOM were worth $4,251,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of AECOM by 34.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company's stock worth $286,305,000 after purchasing an additional 691,020 shares in the last quarter. Northern Trust Corp raised its holdings in AECOM by 33.2% in the first quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company's stock valued at $205,713,000 after acquiring an additional 553,519 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in AECOM by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,261,386 shares of the construction company's stock valued at $116,961,000 after acquiring an additional 55,466 shares in the last quarter. Deutsche Bank AG raised its holdings in AECOM by 2.7% in the first quarter. Deutsche Bank AG now owns 1,144,329 shares of the construction company's stock valued at $106,114,000 after acquiring an additional 29,748 shares in the last quarter. Finally, AGF Management Ltd. raised its holdings in AECOM by 10.7% in the first quarter. AGF Management Ltd. now owns 964,757 shares of the construction company's stock valued at $89,462,000 after acquiring an additional 92,864 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ACM has been the topic of several recent analyst reports. Bank of America upped their price target on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Citigroup reaffirmed a "buy" rating and issued a $137.00 price target (up from $122.00) on shares of AECOM in a report on Monday, July 28th. UBS Group upped their price target on shares of AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen cut shares of AECOM from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Barclays upped their price target on shares of AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $128.44.

AECOM Stock Performance

Shares of NYSE:ACM traded up $0.75 on Friday, reaching $126.69. 976,309 shares of the company's stock were exchanged, compared to its average volume of 775,251. The business's 50-day moving average is $117.87 and its two-hundred day moving average is $106.94. The firm has a market capitalization of $16.78 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 1.88 and a beta of 0.99. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $128.04.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. AECOM's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, equities research analysts forecast that AECOM will post 5.1 EPS for the current year.

Insider Transactions at AECOM

In related news, CEO Troy Rudd sold 53,097 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $119.56, for a total value of $6,348,277.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.

About AECOM

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.