Bayforest Capital Ltd Invests $407,000 in AECOM $ACM

Key Points

• Bayforest Capital Ltd invested approximately $407,000 in AECOM by purchasing 3,604 shares during the second quarter.
• CEO Troy Rudd sold over 53,000 shares of AECOM stock for a total of approximately $6.35 million in August.
• AECOM received multiple upgrades from analysts, with price targets lifted by firms like Truist Financial and UBS Group, with a consensus target price of $133.20.

Bayforest Capital Ltd purchased a new position in shares of AECOM (NYSE:ACM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,604 shares of the construction company's stock, valued at approximately $407,000.

A number of other institutional investors have also recently bought and sold shares of ACM. Fifth Third Bancorp boosted its position in shares of AECOM by 12.0% during the 1st quarter. Fifth Third Bancorp now owns 1,863 shares of the construction company's stock valued at $173,000 after acquiring an additional 199 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of AECOM by 170.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company's stock valued at $2,461,000 after acquiring an additional 16,718 shares in the last quarter. Insigneo Advisory Services LLC boosted its holdings in AECOM by 22.4% during the first quarter. Insigneo Advisory Services LLC now owns 3,997 shares of the construction company's stock valued at $371,000 after purchasing an additional 731 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in AECOM by 1.7% during the first quarter. State of Alaska Department of Revenue now owns 15,548 shares of the construction company's stock valued at $1,441,000 after purchasing an additional 260 shares in the last quarter. Finally, Nilsine Partners LLC boosted its holdings in AECOM by 3.9% during the first quarter. Nilsine Partners LLC now owns 15,464 shares of the construction company's stock valued at $1,434,000 after purchasing an additional 587 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

Insider Activity

In other AECOM news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction dated 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 SEC, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ACM has been the topic of a number of recent research reports. Truist Financial lifted their price objective on AECOM from $128.00 to $146.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. UBS Group boosted their price target on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Citigroup restated a "buy" rating and issued a $137.00 target price (up previously from $122.00) on shares of AECOM in a research note on Monday, July 28th. Weiss Ratings restated a "buy (b)" rating on shares of AECOM in a research note on Wednesday, October 8th. Finally, Bank of America boosted their target price on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $133.20.

AECOM Stock Up 0.2%

Shares of NYSE ACM opened at $132.86 on Thursday. The firm's 50-day simple moving average is $126.48 and its 200 day simple moving average is $113.32. The company has a market cap of $17.60 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 1.79 and a beta of 1.03. 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 has a 12-month low of $85.00 and a 12-month high of $133.85.

AECOM (NYSE:ACM - Get Free Report) last issued 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 net margin of 3.82% and a return on equity of 27.87%. The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. 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 fiscal year.

AECOM Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. AECOM's dividend payout ratio (DPR) is currently 22.66%.

AECOM Company 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.

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