Is Aecom (ACM) A Good Stock To Buy?

Judging by the fact that Aecom (NYSE:ACM) has experienced declining sentiment from the aggregate hedge fund industry, it’s safe to say that there was a specific group of money managers who sold off their full holdings in the third quarter. Intriguingly, Daniel Lascano’s Lomas Capital Management sold off the biggest stake of the 700 funds tracked by Insider Monkey, valued at close to $11.8 million in stock, and Bruce Kovner’s Caxton Associates LP was right behind this move, as the fund dumped about $10.7 million worth of ACM shares. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Aecom (NYSE:ACM) but similarly valued. These stocks are The Toro Company (NYSE:TTC), AutoNation, Inc. (NYSE:AN), Acadia Healthcare Company Inc (NASDAQ:ACHC), and National Fuel Gas Co. (NYSE:NFG). This group of stocks’ market valuations are closest to ACM’s market valuation.

As you can see these stocks had an average of 23 hedge funds with bullish positions and the average amount invested in these stocks was $536 million. That figure was $338 million in ACM’s case. AutoNation, Inc. (NYSE:AN) is the most popular stock in this table. On the other hand National Fuel Gas Co. (NYSE:NFG) is the least popular one with only 21 bullish hedge fund positions. Compared to these stocks Aecom (NYSE:ACM) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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