AECOM $ACM Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in AECOM by 27.4% in Q1, bringing their total holdings to $1.49 million.
• CEO Troy Rudd sold 53,097 shares at an average price of $119.56, totaling over $6.34 million.
• Analyst ratings remain positive, with Barclays and Citigroup raising their price targets for AECOM, indicating a strong consensus "Buy" rating.

Wellington Management Group LLP raised its stake in AECOM (NYSE:ACM - Free Report) by 27.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,056 shares of the construction company's stock after purchasing an additional 3,454 shares during the quarter. Wellington Management Group LLP's holdings in AECOM were worth $1,489,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ACM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in AECOM by 34.7% in the 4th 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 acquiring an additional 691,020 shares during the period. Northern Trust Corp lifted its position 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 worth $205,713,000 after purchasing an additional 553,519 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of AECOM by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,261,386 shares of the construction company's stock valued at $116,961,000 after purchasing an additional 55,466 shares during the period. Deutsche Bank AG grew its holdings in AECOM by 2.7% during the 1st quarter. Deutsche Bank AG now owns 1,144,329 shares of the construction company's stock valued at $106,114,000 after purchasing an additional 29,748 shares in the last quarter. Finally, AGF Management Ltd. increased its stake in AECOM by 10.7% during the 1st quarter. AGF Management Ltd. now owns 964,757 shares of the construction company's stock worth $89,462,000 after buying an additional 92,864 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

Insider Activity at AECOM

In related news, CEO Troy Rudd sold 53,097 shares of the 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 at the SEC website. Corporate insiders own 0.41% of the company's stock.

AECOM Stock Performance

ACM stock traded up $0.88 during midday trading on Thursday, reaching $124.96. The company had a trading volume of 443,301 shares, compared to its average volume of 977,749. The firm has a market capitalization of $16.55 billion, a PE ratio of 27.22, a P/E/G ratio of 1.85 and a beta of 0.99. The stock has a 50 day moving average price of $117.32 and a 200 day moving average price of $106.50. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $126.29. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

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

Analyst Ratings Changes

ACM has been the subject of a number of analyst reports. KeyCorp increased their price target on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded AECOM from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Barclays raised their price target on shares of AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Bank of America upped their price target on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, UBS Group raised their price objective on shares of AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $128.44.

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.