Kestra Investment Management LLC Grows Stock Holdings 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 increased its stake in shares of AECOM (NYSE:ACM - Free Report) by 522.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,895 shares of the construction company's stock after purchasing 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 filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ACM. Nuveen LLC purchased a new position in shares of AECOM during the first quarter valued at approximately $78,900,000. The Manufacturers Life Insurance Company raised its holdings in shares of AECOM by 421.9% during the first quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company's stock valued at $86,821,000 after purchasing an additional 756,859 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 valued at $286,305,000 after purchasing an additional 691,020 shares during the last quarter. Northern Trust Corp raised its holdings in shares of AECOM by 33.2% during the first quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company's stock valued at $205,713,000 after purchasing an additional 553,519 shares during the last quarter. Finally, Amundi raised its holdings in shares of AECOM by 16.6% during the first quarter. Amundi now owns 1,683,266 shares of the construction company's stock valued at $156,096,000 after purchasing an additional 239,608 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ACM has been the subject of several research reports. UBS Group boosted their price objective 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. Barclays upped their target price on shares of AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Citigroup reaffirmed a "buy" rating and set a $137.00 target price (up from $122.00) on shares of AECOM in a report on Monday, July 28th. Finally, KeyCorp upped their target price on shares of AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $128.44.

Insider Buying and Selling at AECOM

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the company's stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by insiders.

AECOM Stock Up 0.6%

Shares of ACM stock opened at $126.69 on Monday. The stock has a market cap of $16.78 billion, a P/E ratio of 27.60, a P/E/G ratio of 1.88 and a beta of 0.99. AECOM has a 12 month low of $85.00 and a 12 month high of $128.04. The company has a 50 day simple moving average of $117.87 and a two-hundred day simple moving average of $106.94. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.