Caxton Associates LLP Acquires Shares of 10,375 AECOM $ACM

Key Points

• Caxton Associates LLP has invested approximately $962,000 in AECOM by acquiring 10,375 shares, indicating growing institutional interest in the construction company.
• AECOM recently reported an EPS of $1.34 for the last quarter, surpassing analysts' expectations and marking a 6.2% increase in revenue year-over-year.
• The company also declared a quarterly dividend of $0.26, set to be paid on October 17th, with an annual yield of 0.8%.

Caxton Associates LLP purchased a new position in shares of AECOM (NYSE:ACM - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,375 shares of the construction company's stock, valued at approximately $962,000.

Several other large investors also recently made changes to their positions in ACM. Goldman Sachs Group Inc. grew its holdings in shares of AECOM by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,080,814 shares of the construction company's stock valued at $100,224,000 after buying an additional 36,804 shares during the last quarter. Kestra Investment Management LLC raised its stake in shares of AECOM by 522.2% during the 1st quarter. Kestra Investment Management LLC now owns 14,895 shares of the construction company's stock valued at $1,381,000 after purchasing an additional 12,501 shares during the period. Advisors Asset Management Inc. boosted its holdings in AECOM by 6.2% in the 1st quarter. Advisors Asset Management Inc. now owns 47,288 shares of the construction company's stock valued at $4,385,000 after purchasing an additional 2,751 shares during the period. Amundi grew 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 worth $156,096,000 after purchasing an additional 239,608 shares in the last quarter. Finally, 1248 Management LLC purchased a new stake in AECOM during the first quarter valued at about $115,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ACM shares. Bank of America increased their target price on shares of AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Barclays upped 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. Wall Street Zen lowered AECOM from a "buy" rating to a "hold" rating in a research note on Saturday, September 6th. Citigroup reissued a "buy" rating and issued a $137.00 price target (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 research report on Wednesday, August 6th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $128.44.

Insider Buying and Selling

In other news, CEO Troy Rudd sold 53,097 shares of the firm's stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.41% of the company's stock.

AECOM Trading Up 0.1%

NYSE ACM traded up $0.07 on Tuesday, reaching $127.80. The stock had a trading volume of 1,040,007 shares, compared to its average volume of 864,503. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 1.89 and a beta of 0.99. 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 stock has a fifty day moving average price of $119.53 and a two-hundred day moving average price of $108.28. AECOM has a 12-month low of $85.00 and a 12-month high of $128.70.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $4.33 billion. During the same period last year, the firm earned $1.16 earnings per share. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, sell-side analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

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