Kestra Investment Management LLC Grows Stake in AECOM $ACM

Key Points

• Kestra Investment Management LLC significantly increased its stake in AECOM by 522.2% in the first quarter, owning 14,895 shares worth approximately $1.38 million.
• Several hedge funds, including Nuveen LLC and The Manufacturers Life Insurance Company, also increased their positions in AECOM significantly during the same period.
• Analysts have mixed ratings on AECOM, with UBS Group raising its target price to $139, while others have downgraded their ratings to "hold"; the stock currently holds an average rating of "Buy."

Kestra Investment Management LLC grew its holdings in shares of AECOM (NYSE:ACM - Free Report) by 522.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,895 shares of the construction company's stock after acquiring an additional 12,501 shares during the period. Kestra Investment Management LLC's holdings in AECOM were worth $1,381,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. OneDigital Investment Advisors LLC bought a new position in shares of AECOM during the first quarter valued at $256,000. Private Trust Co. NA raised its stake in AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after buying an additional 112 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in AECOM by 3.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company's stock worth $722,000 after buying an additional 286 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in AECOM by 170.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company's stock worth $2,461,000 after buying an additional 16,718 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in AECOM by 32.7% during the first quarter. Brown Advisory Inc. now owns 3,956 shares of the construction company's stock worth $367,000 after buying an additional 975 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

AECOM Stock Down 0.8%

NYSE:ACM traded down $1.04 during trading hours on Friday, reaching $126.62. The company had a trading volume of 836,586 shares, compared to its average volume of 809,737. 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 firm has a market cap of $16.77 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 1.89 and a beta of 0.99. The business's 50-day simple moving average is $119.03 and its two-hundred day simple moving average is $107.88. AECOM has a twelve month low of $85.00 and a twelve month high of $128.04.

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

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, October 1st. AECOM's payout ratio is presently 22.66%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ACM. Barclays lifted 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. Citigroup reissued a "buy" rating and set a $137.00 target price (up previously from $122.00) on shares of AECOM in a research note on Monday, July 28th. Bank of America lifted their target price on shares of AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded shares of AECOM from a "buy" rating to a "hold" rating in a research note on Saturday, September 6th. Finally, UBS Group lifted their target price on shares of AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $128.44.

Insiders Place Their Bets

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the business'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 is available through this hyperlink. 0.41% of the stock is currently owned by insiders.

AECOM 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.