AECOM (NYSE:ACM) Shares Acquired by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd boosted its holdings in AECOM (NYSE:ACM) by 61.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 176,390 shares of the construction company’s stock after purchasing an additional 66,850 shares during the period. Lombard Odier Asset Management Europe Ltd owned about 0.13% of AECOM worth $15,547,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. CreativeOne Wealth LLC raised its holdings in AECOM by 3.4% in the first quarter. CreativeOne Wealth LLC now owns 3,423 shares of the construction company’s stock valued at $336,000 after acquiring an additional 114 shares in the last quarter. Fifth Third Bancorp increased its stake in AECOM by 6.7% during the second quarter. Fifth Third Bancorp now owns 1,808 shares of the construction company’s stock valued at $159,000 after purchasing an additional 114 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of AECOM by 4.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,102 shares of the construction company’s stock worth $273,000 after buying an additional 138 shares during the last quarter. Nilsine Partners LLC boosted its holdings in shares of AECOM by 1.1% in the 2nd quarter. Nilsine Partners LLC now owns 13,981 shares of the construction company’s stock valued at $1,232,000 after buying an additional 152 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of AECOM by 5.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,338 shares of the construction company’s stock valued at $294,000 after buying an additional 167 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACM has been the topic of a number of recent research reports. Robert W. Baird raised their target price on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. KeyCorp increased their target price on AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their price target on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Citigroup reduced their target price on shares of AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, Barclays raised their price target on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $105.00.

AECOM Stock Performance

Shares of NYSE ACM opened at $101.19 on Monday. AECOM has a 1 year low of $74.40 and a 1 year high of $102.26. The firm has a market cap of $13.77 billion, a P/E ratio of -1,124.33, a PEG ratio of 1.60 and a beta of 1.17. The stock has a fifty day moving average price of $94.62 and a two-hundred day moving average price of $92.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the business posted $0.94 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. Research analysts forecast that AECOM will post 4.46 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, October 2nd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 annualized dividend and a dividend yield of 0.87%. AECOM’s payout ratio is -977.78%.

About AECOM

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.