Magnetar Financial LLC Buys New Holdings in AECOM $ACM

Key Points

• Magnetar Financial LLC acquired 121,989 shares of AECOM, valued at approximately $11.3 million, increasing its stake to about 0.09% in the company.
• Institutional investors and hedge funds collectively own 85.41% of AECOM, reflecting significant investor interest and confidence in the company's prospects.
• EV Executive Troy Rudd sold 53,097 shares for over $6.3 million, highlighting significant insider activity as the company announces new price targets from various analysts.

Magnetar Financial LLC acquired a new position in shares of AECOM (NYSE:ACM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 121,989 shares of the construction company's stock, valued at approximately $11,312,000. Magnetar Financial LLC owned 0.09% of AECOM as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TCTC Holdings LLC boosted its stake in AECOM by 120.3% during the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after buying an additional 166 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of AECOM by 212.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock valued at $29,000 after purchasing an additional 215 shares during the period. SVB Wealth LLC purchased a new stake in shares of AECOM during the first quarter valued at $33,000. Private Trust Co. NA boosted its stake in shares of AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after purchasing an additional 112 shares during the period. Finally, Eastern Bank purchased a new stake in shares of AECOM during the first quarter valued at $49,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Stock Down 0.6%

AECOM stock traded down $0.73 during trading hours on Wednesday, reaching $124.22. The stock had a trading volume of 304,365 shares, compared to its average volume of 977,261. The company has a market cap of $16.45 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 1.85 and a beta of 0.99. 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 business's 50 day moving average price is $117.06 and its 200-day moving average price is $106.38. AECOM has a 52 week low of $85.00 and a 52 week high of $126.29.

AECOM (NYSE:ACM - Get Free Report) last issued its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the firm 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. Sell-side analysts anticipate that AECOM will post 5.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ACM shares. UBS Group boosted their target price on shares of AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Robert W. Baird boosted their target price on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Barclays boosted their target price on shares of AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Citigroup restated a "buy" rating and issued a $137.00 price objective (up from $122.00) on shares of AECOM in a report on Monday, July 28th. Finally, Royal Bank Of Canada lifted their price objective on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, AECOM has a consensus rating of "Buy" and a consensus target price of $128.44.

Insider Activity

In related news, CEO Troy Rudd sold 53,097 shares of the stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by company 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.