Perbak Capital Partners LLP Reduces Position in AECOM $ACM

Key Points

• Perbak Capital Partners LLP significantly reduced its stake in AECOM by 82.3%, selling 15,035 shares and currently holding 3,236 shares valued at $300,000.
• CEO Troy Rudd sold 53,097 shares of AECOM stock for over $6.34 million in mid-August, reflecting activity among company insiders.
• Various analysts have increased their price targets for AECOM, with Barclays raising theirs to $130.00 and maintaining an "overweight" rating.

Perbak Capital Partners LLP reduced its position in AECOM (NYSE:ACM - Free Report) by 82.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,236 shares of the construction company's stock after selling 15,035 shares during the quarter. Perbak Capital Partners LLP's holdings in AECOM were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of AECOM by 34.7% in 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 worth $286,305,000 after purchasing an additional 691,020 shares during the period. Northern Trust Corp boosted 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 worth $205,713,000 after acquiring an additional 553,519 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 worth $116,961,000 after acquiring an additional 55,466 shares during the last quarter. Deutsche Bank AG boosted 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 worth $106,114,000 after acquiring an additional 29,748 shares during the last quarter. Finally, AGF Management Ltd. boosted 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 worth $89,462,000 after acquiring an additional 92,864 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ACM has been the subject of a number of research reports. Wall Street Zen lowered shares of AECOM from a "buy" rating to a "hold" rating in a research report on Saturday. Barclays upped their price target 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. UBS Group upped their price target on shares of AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Bank of America upped their price target on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, KeyCorp upped their price target on shares of AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $128.44.

Insider Activity

In other 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

AECOM Stock Up 0.6%

NYSE ACM traded up $0.75 during trading on Friday, reaching $126.69. 976,309 shares of the company's stock traded hands, compared to its average volume of 775,251. 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 has a market cap of $16.78 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99. The company's 50 day simple moving average is $117.87 and its two-hundred day simple moving average is $106.85. AECOM has a 12-month low of $85.00 and a 12-month high of $128.04.

AECOM (NYSE:ACM - Get Free Report) last posted its 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 the consensus estimate of $4.33 billion. During the same quarter last year, the firm posted $1.16 EPS. The company's revenue for the quarter 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, sell-side analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

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.