Jump Financial LLC Purchases New Stake in AECOM $ACM

Key Points

• Jump Financial LLC acquired 28,475 shares of AECOM ($ACM), valued at approximately $2.64 million, during the first quarter.
• AECOM reported $1.34 EPS for the last quarter, exceeding estimates, with revenue of $1.94 billion, marking a 6.2% year-over-year increase.
• Several analysts have raised their price targets for AECOM, with Citigroup setting a new objective of $137.00, indicating a strong buy sentiment among market experts.

Jump Financial LLC acquired a new position in shares of AECOM (NYSE:ACM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,475 shares of the construction company's stock, valued at approximately $2,640,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ACM. NewEdge Advisors LLC lifted its stake in shares of AECOM by 4,341.2% in the fourth quarter. NewEdge Advisors LLC now owns 2,265 shares of the construction company's stock valued at $242,000 after purchasing an additional 2,214 shares during the period. Price T Rowe Associates Inc. MD grew its position in AECOM by 8.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 120,905 shares of the construction company's stock worth $12,916,000 after buying an additional 9,781 shares during the period. Integrated Wealth Concepts LLC increased its holdings in AECOM by 29.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 3,478 shares of the construction company's stock valued at $371,000 after buying an additional 797 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in AECOM by 19.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,572 shares of the construction company's stock valued at $382,000 after buying an additional 582 shares in the last quarter. Finally, Aquatic Capital Management LLC lifted its position in shares of AECOM by 3.8% during the 4th quarter. Aquatic Capital Management LLC now owns 16,406 shares of the construction company's stock valued at $1,752,000 after acquiring an additional 606 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.

Insiders Place Their Bets

In other news, CEO Troy Rudd sold 53,097 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $119.56, for a total transaction of $6,348,277.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.41% of the company's stock.

AECOM Stock Up 2.1%

ACM opened at $125.70 on Wednesday. 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 firm has a market cap of $16.65 billion, a P/E ratio of 27.39, a PEG ratio of 1.83 and a beta of 0.99. AECOM has a 52 week low of $85.00 and a 52 week high of $126.15. The business's fifty day simple moving average is $115.61 and its 200 day simple moving average is $105.64.

AECOM (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.09. The firm had revenue of $1.94 billion during 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 revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, equities research analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.04 annualized dividend and a yield of 0.8%. AECOM's dividend payout ratio is 22.66%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup reaffirmed a "buy" rating and set a $137.00 price objective (up from $122.00) on shares of AECOM in a report on Monday, July 28th. KeyCorp raised their price target on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Bank of America boosted their price objective on shares of AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Barclays increased their price objective 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. Finally, UBS Group raised their target price on shares of AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average 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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