Pacer Advisors Inc. Reduces Position in AECOM $ACM

Key Points

• Pacer Advisors cut its AECOM stake by 88.8% in the first quarter, selling 120,592 shares and retaining 15,250 shares valued at $1.29 million. Institutional investors and hedge funds still own 85.41% of the company.
• AECOM reported quarterly adjusted earnings of $1.59 per share, slightly above estimates, while revenue rose 4.4% year over year to $3.80 billion. The company also paid a quarterly dividend of $0.31 per share, representing a 1.6% yield.
• Analyst sentiment remains positive but mixed, with nine Buy ratings and four Holds; the consensus rating is “Moderate Buy” with a $114.82 target price. Meanwhile, AECOM’s CEO and CFO purchased company shares, and the stock recently traded near $75.91.

Pacer Advisors Inc. decreased its stake in shares of AECOM (NYSE:ACM - Free Report) by 88.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,250 shares of the construction company's stock after selling 120,592 shares during the quarter. Pacer Advisors Inc.'s holdings in AECOM were worth $1,294,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. NewEdge Advisors LLC raised its stake in AECOM by 10,192.3% in the 1st quarter. NewEdge Advisors LLC now owns 5,352 shares of the construction company's stock worth $454,000 after acquiring an additional 5,300 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of AECOM in the first quarter valued at about $36,000. Edgestream Partners L.P. purchased a new position in shares of AECOM in the first quarter worth about $975,000. Oddo BHF Asset Management Sas raised its stake in shares of AECOM by 27.4% in the first quarter. Oddo BHF Asset Management Sas now owns 9,489 shares of the construction company's stock worth $805,000 after purchasing an additional 2,039 shares during the last quarter. Finally, South Dakota Investment Council lifted its holdings in shares of AECOM by 101.8% during the first quarter. South Dakota Investment Council now owns 32,311 shares of the construction company's stock worth $2,741,000 after purchasing an additional 16,300 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Stock Up 0.1%

Shares of ACM opened at $75.91 on Monday. The firm has a market cap of $9.76 billion, a P/E ratio of 19.82, a PEG ratio of 0.92 and a beta of 0.93. The stock's 50 day moving average is $70.34 and its two-hundred day moving average is $81.40. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.07. AECOM has a 12 month low of $66.28 and a 12 month high of $135.52.

AECOM (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, May 11th. The construction company reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.01. The business had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $1.94 billion. AECOM had a return on equity of 28.52% and a net margin of 3.16%.The business's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Analysts predict that AECOM will post 5.97 earnings per share for the current fiscal year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Wednesday, July 1st were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, July 1st. AECOM's dividend payout ratio is presently 32.38%.

Insiders Place Their Bets

In other AECOM news, CEO Troy Rudd acquired 4,225 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $71.02 per share, with a total value of $300,059.50. Following the transaction, the chief executive officer owned 142,207 shares of the company's stock, valued at $10,099,541.14. This trade represents a 3.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Gaurav Kapoor bought 1,420 shares of the firm's stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $71.12 per share, for a total transaction of $100,990.40. Following the transaction, the chief financial officer directly owned 88,053 shares of the company's stock, valued at $6,262,329.36. The trade was a 1.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 9,869 shares of company stock valued at $699,391 over the last quarter. 0.46% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on ACM. Robert W. Baird cut their price target on shares of AECOM from $98.00 to $91.00 and set a "neutral" rating on the stock in a report on Tuesday, May 12th. Citigroup reissued a "buy" rating on shares of AECOM in a report on Thursday, July 23rd. Wall Street Zen downgraded shares of AECOM from a "buy" rating to a "hold" rating in a research report on Monday, July 6th. Weiss Ratings lowered shares of AECOM from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, May 26th. Finally, Royal Bank Of Canada cut their price target on AECOM from $111.00 to $105.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 22nd. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $114.82.

AECOM Profile

AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.

AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.

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