AECOM (NYSE:ACM) Short Interest Update

AECOM (NYSE:ACM) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totalling 2,180,000 shares, a decline of 8.4% from the August 31st total of 2,380,000 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 877,400 shares, the days-to-cover ratio is presently 2.5 days.

AECOM Stock Performance

Shares of NYSE ACM traded down $0.68 during trading on Tuesday, reaching $102.59. 560,379 shares of the company traded hands, compared to its average volume of 804,587. The firm has a 50 day simple moving average of $96.17 and a 200-day simple moving average of $92.79. AECOM has a 52-week low of $74.40 and a 52-week high of $104.63. The stock has a market capitalization of $13.97 billion, a PE ratio of -1,139.89, a P/E/G ratio of 1.70 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 (NYSE:ACM) last issued its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $1.85 billion. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company posted $0.94 earnings per share. Equities research analysts anticipate that AECOM will post 4.46 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in shares of AECOM during the 2nd quarter valued at about $426,000. Truist Financial Corp boosted its holdings in shares of AECOM by 25.3% in the second quarter. Truist Financial Corp now owns 5,076 shares of the construction company’s stock worth $447,000 after buying an additional 1,026 shares during the last quarter. Creative Planning increased its holdings in AECOM by 4.3% during the second quarter. Creative Planning now owns 20,849 shares of the construction company’s stock valued at $1,838,000 after buying an additional 850 shares during the last quarter. Mackenzie Financial Corp raised its position in AECOM by 12.5% in the second quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company’s stock worth $936,000 after acquiring an additional 1,180 shares during the period. Finally, MBB Public Markets I LLC grew its position in shares of AECOM by 323.8% during the 2nd quarter. MBB Public Markets I LLC now owns 9,490 shares of the construction company’s stock valued at $836,000 after acquiring an additional 7,251 shares during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. KeyCorp boosted their target price on AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Citigroup dropped their price target on shares of AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Royal Bank of Canada raised their price objective on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Truist Financial reiterated a “buy” rating and issued a $108.00 target price (up previously from $107.00) on shares of AECOM in a research note on Wednesday, August 7th. Finally, Barclays raised their price target on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus 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.