Alliancebernstein L.P. Has $280.22 Million Stock Position in AECOM $ACM

Key Points

• Alliancebernstein L.P. reduced its stake in AECOM by 18.7%, selling 696,438 shares, leaving it with a total of approximately 3,021,933 shares valued at $280.2 million.
• AECOM reported earnings of $1.34 per share for the last quarter, exceeding analyst expectations of $1.25, along with a 6.2% year-over-year revenue increase.
• Major institutional investors have recently altered their positions in AECOM, with 85.41% of the stock now held by hedge funds and other institutions, reflecting a continued interest in the company's performance.

Alliancebernstein L.P. reduced its stake in shares of AECOM (NYSE:ACM - Free Report) by 18.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,021,933 shares of the construction company's stock after selling 696,438 shares during the quarter. Alliancebernstein L.P. owned approximately 2.28% of AECOM worth $280,224,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV grew its holdings in shares of AECOM by 51.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,026 shares of the construction company's stock valued at $857,000 after acquiring an additional 2,731 shares in the last quarter. Algert Global LLC acquired a new stake in AECOM during the fourth quarter valued at $1,589,000. BNP Paribas Financial Markets grew its stake in AECOM by 5.9% in the fourth quarter. BNP Paribas Financial Markets now owns 216,114 shares of the construction company's stock valued at $23,085,000 after purchasing an additional 12,003 shares in the last quarter. Captrust Financial Advisors increased its position in AECOM by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 6,939 shares of the construction company's stock worth $741,000 after purchasing an additional 197 shares during the last quarter. Finally, Centiva Capital LP increased its position in AECOM by 64.8% in the 4th quarter. Centiva Capital LP now owns 7,202 shares of the construction company's stock worth $769,000 after purchasing an additional 2,832 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

Insider Activity

In other news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

ACM has been the subject of several research reports. Bank of America lifted their price target on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. UBS Group raised their price objective on shares of AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen cut shares of AECOM from a "buy" rating to a "hold" rating in a research note on Saturday. Barclays increased their price target 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. Finally, Citigroup restated a "buy" rating and set a $137.00 price target (up previously from $122.00) on shares of AECOM in a report on Monday, July 28th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $128.44.

AECOM Stock Performance

ACM stock traded down $2.07 during midday trading on Tuesday, hitting $124.84. 265,450 shares of the company traded hands, compared to its average volume of 977,239. AECOM has a twelve month low of $85.00 and a twelve month high of $128.04. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth 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. The business has a 50 day simple moving average of $118.15 and a 200-day simple moving average of $107.15.

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, topping analysts' consensus estimates of $1.25 by $0.09. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $4.33 billion. During the same period in the previous year, the company earned $1.16 earnings per share. AECOM's revenue for the quarter was up 6.2% on a year-over-year basis. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, equities research analysts predict that AECOM will post 5.1 earnings per share for the current year.

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.