FORA Capital LLC Buys 4,763 Shares of AECOM $ACM

Key Points

• FORA Capital LLC increased its stake in AECOM by 58.9% to a total of 12,844 shares, valuing its holding at approximately $1.19 million.
• AECOM's stock has recently shown positive performance, with a current price of $125.84 and a market capitalization of $16.67 billion.
• The company reported strong earnings, with an EPS of $1.34 for the last quarter, exceeding analysts' estimates and suggesting continued growth potential for fiscal 2025.

FORA Capital LLC grew its stake in shares of AECOM (NYSE:ACM - Free Report) by 58.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,844 shares of the construction company's stock after buying an additional 4,763 shares during the period. FORA Capital LLC's holdings in AECOM were worth $1,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AECOM by 34.7% during the fourth 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 valued at $286,305,000 after buying an additional 691,020 shares during the period. Northern Trust Corp increased 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 valued at $205,713,000 after buying an additional 553,519 shares during the period. Dimensional Fund Advisors LP increased its position in shares of AECOM by 4.6% during 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 buying an additional 55,466 shares during the period. Deutsche Bank AG increased its position in shares of AECOM by 2.7% during the first quarter. Deutsche Bank AG now owns 1,144,329 shares of the construction company's stock valued at $106,114,000 after buying an additional 29,748 shares during the period. Finally, AGF Management Ltd. increased its position in shares of AECOM by 10.7% during the first quarter. AGF Management Ltd. now owns 964,757 shares of the construction company's stock valued at $89,462,000 after buying an additional 92,864 shares during the period. 85.41% of the stock is currently owned by institutional investors.

AECOM Stock Up 0.2%

Shares of NYSE ACM opened at $125.84 on Thursday. AECOM has a one year low of $85.00 and a one year high of $126.24. 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 50 day simple moving average is $115.92 and its two-hundred day simple moving average is $105.78. The stock has a market capitalization of $16.67 billion, a P/E ratio of 27.42, a PEG ratio of 1.86 and a beta of 0.99.

AECOM (NYSE:ACM - Get Free Report) last issued 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 net margin of 3.82% and a return on equity of 27.87%. 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 business earned $1.16 earnings per share. The business's quarterly revenue was up 6.2% on a year-over-year basis. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were issued a $0.26 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. AECOM's dividend payout ratio (DPR) is currently 22.66%.

Insider Activity

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 shares were sold at an average price of $119.56, for a total value of $6,348,277.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ACM. KeyCorp upped their price objective 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. Royal Bank Of Canada upped their price objective on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Citigroup restated a "buy" rating and issued a $137.00 price objective (up from $122.00) on shares of AECOM in a research report on Monday, July 28th. UBS Group upped their price objective on shares of AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded shares of AECOM from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, AECOM has a consensus rating of "Buy" and a consensus target price 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.

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