Intech Investment Management LLC Has $5.51 Million Position in AECOM (NYSE:ACM)

Intech Investment Management LLC lowered its holdings in shares of AECOM (NYSE:ACM) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,519 shares of the construction company’s stock after selling 1,050 shares during the period. Intech Investment Management LLC’s holdings in AECOM were worth $5,510,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in AECOM during the first quarter worth $25,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of AECOM during the fourth quarter valued at $28,000. Creekmur Asset Management LLC bought a new position in shares of AECOM during the fourth quarter valued at $28,000. Rise Advisors LLC bought a new position in shares of AECOM during the first quarter valued at $31,000. Finally, Family Firm Inc. bought a new position in shares of AECOM during the second quarter valued at $31,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Down 0.0 %

Shares of NYSE ACM opened at $101.19 on Friday. The firm’s 50-day simple moving average is $94.62 and its 200 day simple moving average is $92.29. The company has a market cap of $13.77 billion, a price-to-earnings ratio of -1,124.33, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. AECOM has a 12-month low of $74.40 and a 12-month high of $102.26.

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

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 0.87%. AECOM’s payout ratio is presently -977.78%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ACM shares. Robert W. Baird lifted their price objective on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Barclays lifted their price objective 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 lifted their price objective on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Truist Financial reissued a “buy” rating and set a $108.00 price objective (up from $107.00) on shares of AECOM in a report on Wednesday, August 7th. Finally, Citigroup cut their price target on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average 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.