AECOM $ACM Shares Bought by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in AECOM by 87.7% during the first quarter, owning a total of 13,264 shares valued at approximately $1.23 million.
• AECOM's quarterly earnings topped expectations, reporting earnings per share of $1.34, exceeding the consensus estimate of $1.25.
• Analysts have revised their price targets for AECOM, with UBS Group raising it from $126 to $139, while Citigroup increased theirs from $122 to $137, both maintaining a "buy" rating.

B. Metzler seel. Sohn & Co. AG raised its holdings in AECOM (NYSE:ACM - Free Report) by 87.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,264 shares of the construction company's stock after acquiring an additional 6,197 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in AECOM were worth $1,230,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Nuveen LLC purchased a new position in shares of AECOM during the first quarter worth approximately $78,900,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in AECOM by 34.7% in 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 grew its stake in AECOM by 33.2% in the first quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company's stock worth $205,713,000 after purchasing an additional 553,519 shares in the last quarter. Citigroup Inc. grew its stake in AECOM by 33.4% in the first quarter. Citigroup Inc. now owns 680,059 shares of the construction company's stock worth $63,062,000 after purchasing an additional 170,235 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in AECOM in the fourth quarter worth approximately $16,957,000. Institutional investors own 85.41% of the company's stock.

AECOM Stock Up 0.8%

NYSE ACM traded up $0.97 during midday trading on Thursday, hitting $125.05. 507,716 shares of the company traded hands, compared to its average volume of 978,188. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $16.56 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99. The company's 50-day simple moving average is $117.32 and its 200-day simple moving average is $106.50. AECOM has a 52 week low of $85.00 and a 52 week high of $126.29.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $4.33 billion. During the same period last year, the business earned $1.16 EPS. The company's revenue was up 6.2% compared to the same quarter last year. 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 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Citigroup reissued a "buy" rating and issued a $137.00 price objective (up previously from $122.00) on shares of AECOM in a research note on Monday, July 28th. UBS Group increased their price objective on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada increased their target price on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Wall Street Zen upgraded shares of AECOM from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Bank of America increased their target price on shares of AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat.com, AECOM currently has an average rating of "Buy" and a consensus target price of $128.44.

Insider Buying and Selling at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of the firm's 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.41% of the company's stock.

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.