Magnetar Financial LLC Makes New Investment in AECOM (NYSE:ACM)

Magnetar Financial LLC purchased a new position in AECOM (NYSE:ACM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,230 shares of the construction company’s stock, valued at approximately $725,000.

Several other large investors also recently modified their holdings of ACM. Ninety One UK Ltd bought a new stake in shares of AECOM in the second quarter worth about $46,109,000. Findlay Park Partners LLP increased its holdings in shares of AECOM by 22.6% in the first quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock worth $251,215,000 after acquiring an additional 472,944 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of AECOM by 451.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 481,769 shares of the construction company’s stock worth $47,617,000 after acquiring an additional 394,481 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of AECOM by 18.8% in the second quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock worth $143,573,000 after acquiring an additional 258,250 shares in the last quarter. Finally, Impax Asset Management Group plc increased its holdings in shares of AECOM by 15.5% in the second quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock worth $154,464,000 after acquiring an additional 235,350 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Truist Financial restated a “buy” rating and issued a $108.00 price target (up from $107.00) on shares of AECOM in a report on Wednesday, August 7th. Royal Bank of Canada increased their price objective on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. KeyCorp increased their price objective on AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Citigroup decreased their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, Robert W. Baird increased their price objective on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $105.00.

AECOM Stock Performance

Shares of NYSE ACM opened at $102.24 on Wednesday. The stock has a 50 day moving average price of $95.12 and a 200 day moving average price of $92.47. AECOM has a 52 week low of $74.40 and a 52 week high of $103.09. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $13.92 billion, a PE ratio of -1,136.00, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17.

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

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.86%. 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.