Cubist Systematic Strategies LLC Boosts Stock Position in AECOM $ACM

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in AECOM by 97.9%, acquiring an additional 70,812 shares, bringing its total holdings to 143,126 shares valued at $13.27 million.
• A number of other institutional investors also boosted their positions in AECOM, with Nuveen LLC investing approximately $78.9 million and The Manufacturers Life Insurance Company increasing its stake by 421.9%.
• AECOM reported a $1.34 EPS for its latest quarter, surpassing analysts' estimates, and announced a $0.26 quarterly dividend with a yield of 0.8%.

Cubist Systematic Strategies LLC increased its stake in AECOM (NYSE:ACM - Free Report) by 97.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,126 shares of the construction company's stock after buying an additional 70,812 shares during the period. Cubist Systematic Strategies LLC owned 0.11% of AECOM worth $13,272,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its position in shares of AECOM by 29.7% during the 4th quarter. Integrated Wealth Concepts LLC now owns 3,478 shares of the construction company's stock worth $371,000 after buying an additional 797 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in AECOM by 51.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,026 shares of the construction company's stock worth $857,000 after acquiring an additional 2,731 shares during the period. Algert Global LLC bought a new position in AECOM during the 4th quarter worth about $1,589,000. BNP Paribas Financial Markets raised its holdings in shares of AECOM by 5.9% in the 4th quarter. BNP Paribas Financial Markets now owns 216,114 shares of the construction company's stock valued at $23,085,000 after purchasing an additional 12,003 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of AECOM by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 6,939 shares of the construction company's stock worth $741,000 after purchasing an additional 197 shares during the period. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. KeyCorp lifted their price objective on shares of AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Wall Street Zen cut AECOM from a "buy" rating to a "hold" rating in a research report on Saturday. UBS Group lifted their price target on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Barclays boosted their price target on AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Finally, Citigroup reaffirmed a "buy" rating and set a $137.00 price objective (up previously from $122.00) on shares of AECOM in a research report on Monday, July 28th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $128.44.

Insider Buying and Selling

In related news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is owned by company insiders.

AECOM Stock Up 0.6%

ACM stock traded up $0.75 on Friday, hitting $126.69. 976,309 shares of the company's stock were exchanged, compared to its average volume of 775,251. The firm has a 50 day moving average price of $117.87 and a two-hundred day moving average price of $106.85. AECOM has a 12-month low of $85.00 and a 12-month high of $128.04. The stock has a market cap of $16.78 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly 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 company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $4.33 billion. During the same period last year, the business posted $1.16 earnings per share. The firm's revenue 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, equities research analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

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.