Trexquant Investment LP Makes New Investment in AECOM $ACM

Key Points

• Trexquant Investment LP has acquired a new position in AECOM (NYSE:ACM), purchasing 12,002 shares valued at approximately $1.11 million.
• Institutional investors and hedge funds now own 85.41% of AECOM's stock, with notable increases in stakes from firms like Nuveen LLC and UBS AM.
• Analyst projections for AECOM's stock have improved, with price targets raised by multiple firms, signaling a generally positive outlook despite a recent downgrade by Wall Street Zen.

Trexquant Investment LP purchased a new position in shares of AECOM (NYSE:ACM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,002 shares of the construction company's stock, valued at approximately $1,113,000.

A number of other hedge funds also recently bought and sold shares of the business. OneDigital Investment Advisors LLC purchased a new position in shares of AECOM in the first quarter valued at approximately $256,000. Private Trust Co. NA increased its holdings in shares of AECOM by 37.2% in the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after purchasing an additional 112 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of AECOM by 3.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company's stock valued at $722,000 after purchasing an additional 286 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of AECOM by 170.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company's stock valued at $2,461,000 after purchasing an additional 16,718 shares during the last quarter. Finally, Brown Advisory Inc. increased its stake in AECOM by 32.7% during the first quarter. Brown Advisory Inc. now owns 3,956 shares of the construction company's stock worth $367,000 after acquiring an additional 975 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ACM shares. Wall Street Zen cut AECOM from a "buy" rating to a "hold" rating in a research note on Saturday, September 6th. Citigroup reissued a "buy" rating and set a $137.00 target price (up previously from $122.00) on shares of AECOM in a research note on Monday, July 28th. UBS Group raised their target price on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Bank of America lifted their price objective on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Barclays lifted their price objective on AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $128.44.

AECOM Stock Performance

Shares of AECOM stock traded up $1.86 on Thursday, hitting $127.29. The stock had a trading volume of 240,960 shares, compared to its average volume of 975,455. AECOM has a 52-week low of $85.00 and a 52-week high of $128.04. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The stock has a market cap of $16.86 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 1.84 and a beta of 0.99. The company's 50 day moving average price is $118.58 and its 200 day moving average price is $107.39.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the prior year, the business earned $1.16 EPS. 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. On average, research analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, October 1st. AECOM's dividend payout ratio is 22.66%.

Insider Activity

In other news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction on Friday, August 15th. The stock was 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 Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by company insiders.

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.