AECOM (NYSE:ACM) Short Interest Update

AECOM (NYSE:ACMGet Rating) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 1,930,000 shares, a drop of 9.4% from the August 15th total of 2,130,000 shares. Based on an average daily volume of 577,300 shares, the short-interest ratio is currently 3.3 days. Currently, 1.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On AECOM

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new position in shares of AECOM during the first quarter worth about $25,000. Signaturefd LLC lifted its stake in AECOM by 107.6% during the first quarter. Signaturefd LLC now owns 355 shares of the construction company’s stock worth $27,000 after purchasing an additional 184 shares during the last quarter. Steward Financial Group LLC purchased a new stake in AECOM during the first quarter worth approximately $34,000. Nauset Wealth Management. LLC purchased a new stake in AECOM during the first quarter worth approximately $35,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in AECOM during the second quarter worth approximately $35,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on ACM shares. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Credit Suisse Group lifted their price target on AECOM to $81.00 in a report on Monday, August 15th. Robert W. Baird lifted their price target on AECOM from $82.00 to $89.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Finally, Citigroup reduced their price target on AECOM from $92.00 to $85.00 in a report on Friday, July 22nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $88.38.

AECOM Stock Performance

NYSE ACM opened at $71.26 on Monday. The company has a market cap of $9.95 billion, a P/E ratio of 33.93, a P/E/G ratio of 1.41 and a beta of 1.38. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a 50-day moving average of $71.80 and a two-hundred day moving average of $71.33. AECOM has a 1-year low of $60.74 and a 1-year high of $79.97.

AECOM (NYSE:ACMGet Rating) last released its earnings results on Monday, August 8th. The construction company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. AECOM had a return on equity of 18.25% and a net margin of 2.30%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the company posted $0.73 EPS. AECOM’s revenue was down 4.9% compared to the same quarter last year. As a group, analysts anticipate that AECOM will post 3.46 EPS for the current year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Wednesday, October 5th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Tuesday, October 4th. AECOM’s dividend payout ratio is presently 28.57%.

About AECOM

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AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through 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 commercial and government clients.

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