Short Interest in AECOM (NYSE:ACM) Drops By 8.4%

AECOM (NYSE:ACM) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 2,180,000 shares, a decrease of 8.4% from the August 31st total of 2,380,000 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 877,400 shares, the short-interest ratio is currently 2.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ACM. Sanctuary Advisors LLC acquired a new stake in AECOM during the 2nd quarter worth approximately $426,000. Truist Financial Corp lifted its holdings in AECOM by 25.3% during the 2nd quarter. Truist Financial Corp now owns 5,076 shares of the construction company’s stock worth $447,000 after purchasing an additional 1,026 shares during the last quarter. Creative Planning lifted its holdings in AECOM by 4.3% during the 2nd quarter. Creative Planning now owns 20,849 shares of the construction company’s stock worth $1,838,000 after purchasing an additional 850 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in AECOM by 12.5% during the 2nd quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company’s stock worth $936,000 after purchasing an additional 1,180 shares during the last quarter. Finally, MBB Public Markets I LLC lifted its holdings in AECOM by 323.8% during the 2nd quarter. MBB Public Markets I LLC now owns 9,490 shares of the construction company’s stock worth $836,000 after purchasing an additional 7,251 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.

AECOM Stock Down 0.1 %

Shares of NYSE:ACM traded down $0.14 during mid-day trading on Tuesday, reaching $103.13. 214,881 shares of the stock were exchanged, compared to its average volume of 802,615. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The company has a market cap of $14.04 billion, a P/E ratio of -1,147.39, a P/E/G ratio of 1.70 and a beta of 1.17. AECOM has a one year low of $74.40 and a one year high of $104.63. The stock’s 50 day simple moving average is $96.17 and its 200-day simple moving average is $92.79.

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

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 annualized dividend and a dividend yield of 0.85%. AECOM’s dividend payout ratio is currently -977.78%.

Wall Street Analyst Weigh In

ACM has been the topic of several recent research reports. Robert W. Baird raised their price target on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Barclays raised their price target on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Royal Bank of Canada raised their price target on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Truist Financial reiterated a “buy” rating and issued a $108.00 price target (up previously from $107.00) on shares of AECOM in a report on Wednesday, August 7th. Finally, KeyCorp raised their price target on AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $105.00.

AECOM Company 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.