Caxton Associates LLP Takes $962,000 Position in 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 bought a new stake in AECOM (NYSE:ACM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,375 shares of the construction company's stock, valued at approximately $962,000.

Other large investors have also recently added to or reduced their stakes in the company. Cordatus Wealth Management LLC grew its position in AECOM by 3.7% during the first quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company's stock valued at $266,000 after acquiring an additional 101 shares during the period. Private Trust Co. NA lifted its stake in shares of AECOM by 37.2% in the 1st 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 in the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of AECOM by 7.8% during the 1st quarter. Gateway Investment Advisers LLC now owns 2,196 shares of the construction company's stock worth $204,000 after purchasing an additional 158 shares during the period. TCTC Holdings LLC increased its position in AECOM by 120.3% during the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Finally, Mutual Advisors LLC increased its position in AECOM by 3.8% during the 1st quarter. Mutual Advisors LLC now owns 4,609 shares of the construction company's stock worth $449,000 after purchasing an additional 169 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AECOM news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $119.56, for a total transaction of $6,348,277.32. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by company insiders.

AECOM Stock Down 0.8%

ACM traded down $1.04 during trading hours on Friday, reaching $126.62. 836,586 shares of the stock traded hands, compared to its average volume of 809,737. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $128.04. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 1.89 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 firm's fifty day simple moving average is $119.03 and its two-hundred day simple moving average is $107.88.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.09. The firm had revenue of $1.94 billion for 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 firm's revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Wednesday, October 1st will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. AECOM's dividend payout ratio is currently 22.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of AECOM from a "buy" rating to a "hold" rating in a research note on Saturday, September 6th. Bank of America lifted their target price on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. KeyCorp upped their price target on shares of AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Citigroup reiterated 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, UBS Group raised their price objective on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $128.44.

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.