Forum Financial Management LP Has $411,000 Stock Position in AECOM $ACM

Forum Financial Management LP reduced its position in shares of AECOM (NYSE:ACM) by 21.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,646 shares of the construction company’s stock after selling 998 shares during the quarter. Forum Financial Management LP’s holdings in AECOM were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp raised its stake in AECOM by 33.2% during the 1st quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company’s stock worth $205,713,000 after buying an additional 553,519 shares during the period. Amundi raised its stake in AECOM by 16.6% during the 1st quarter. Amundi now owns 1,683,266 shares of the construction company’s stock worth $156,096,000 after buying an additional 239,608 shares during the period. Dimensional Fund Advisors LP raised its stake in AECOM by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,261,386 shares of the construction company’s stock worth $116,961,000 after buying an additional 55,466 shares during the period. Deutsche Bank AG increased its holdings in AECOM by 2.7% during the 1st quarter. Deutsche Bank AG now owns 1,144,329 shares of the construction company’s stock worth $106,114,000 after purchasing an additional 29,748 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in AECOM by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,080,814 shares of the construction company’s stock worth $100,224,000 after purchasing an additional 36,804 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the stock in a transaction on Friday, August 15th. The stock was 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

ACM has been the subject of a number of recent research reports. Truist Financial boosted their price objective on AECOM from $128.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Wall Street Zen lowered AECOM from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Citigroup boosted their price objective on AECOM from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Barclays boosted their price objective on AECOM from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, UBS Group boosted their price objective on AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, AECOM has an average rating of “Buy” and an average target price of $137.30.

AECOM Stock Performance

ACM stock opened at $132.93 on Friday. The firm has a market cap of $17.61 billion, a PE ratio of 28.96, a P/E/G ratio of 1.95 and a beta of 1.03. 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 business has a 50 day moving average of $128.22 and a 200-day moving average of $115.49. AECOM has a 12-month low of $85.00 and a 12-month high of $134.88.

AECOM (NYSE:ACM) last released its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%.AECOM’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, sell-side analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, October 1st. AECOM’s dividend payout ratio is 22.66%.

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.