Panagora Asset Management Inc. Increases Position in AECOM (NYSE:ACM)

Panagora Asset Management Inc. grew its holdings in AECOM (NYSE:ACM) by 982.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,924 shares of the construction company’s stock after purchasing an additional 39,866 shares during the quarter. Panagora Asset Management Inc.’s holdings in AECOM were worth $3,871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in AECOM during the first quarter worth $25,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of AECOM during the 4th quarter worth $28,000. Creekmur Asset Management LLC acquired a new position in shares of AECOM during the 4th quarter valued at about $28,000. Rise Advisors LLC purchased a new stake in shares of AECOM in the first quarter valued at about $31,000. Finally, Family Firm Inc. purchased a new position in AECOM during the second quarter worth about $31,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ACM has been the subject of several analyst reports. KeyCorp increased their price target on shares of AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. UBS Group raised their price objective on AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Royal Bank of Canada upped their target price on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Truist Financial reiterated a “buy” rating and set a $108.00 price target (up from $107.00) on shares of AECOM in a research report on Wednesday, August 7th. Finally, Robert W. Baird upped their price objective on shares of 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.com, the stock currently has an average rating of “Buy” and an average price target of $105.00.

AECOM Stock Up 0.6 %

ACM traded up $0.61 during trading hours on Friday, hitting $100.14. 1,268,069 shares of the company’s stock were exchanged, compared to its average volume of 797,915. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.88. AECOM has a 12-month low of $74.40 and a 12-month high of $102.26. The firm has a market cap of $13.63 billion, a P/E ratio of -1,103.33, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. The firm has a 50 day moving average of $91.18 and a 200 day moving average of $91.35.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.04. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $1.85 billion. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $0.94 earnings per share. Analysts predict that AECOM will post 4.42 EPS for the current fiscal year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Wednesday, July 3rd. AECOM’s payout ratio is presently -977.78%.

AECOM 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.