Intech Investment Management LLC Purchases 57,882 Shares of AECOM (NYSE:ACM)

Intech Investment Management LLC boosted its position in AECOM (NYSE:ACM) by 1,017.8% in the 1st quarter, Holdings Channel reports. The firm owned 63,569 shares of the construction company’s stock after buying an additional 57,882 shares during the quarter. Intech Investment Management LLC’s holdings in AECOM were worth $6,235,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ACM. Quent Capital LLC increased its holdings in AECOM by 9.9% during the first quarter. Quent Capital LLC now owns 1,865 shares of the construction company’s stock valued at $183,000 after buying an additional 168 shares during the period. Pinnacle Associates Ltd. increased its holdings in AECOM by 4.1% during the fourth quarter. Pinnacle Associates Ltd. now owns 4,522 shares of the construction company’s stock valued at $418,000 after buying an additional 177 shares during the period. Arizona State Retirement System increased its holdings in AECOM by 0.5% during the fourth quarter. Arizona State Retirement System now owns 36,221 shares of the construction company’s stock valued at $3,348,000 after buying an additional 196 shares during the period. GAMMA Investing LLC increased its holdings in AECOM by 53.7% during the first quarter. GAMMA Investing LLC now owns 604 shares of the construction company’s stock valued at $59,000 after buying an additional 211 shares during the period. Finally, Avantax Advisory Services Inc. increased its holdings in AECOM by 9.3% during the first quarter. Avantax Advisory Services Inc. now owns 2,782 shares of the construction company’s stock valued at $273,000 after buying an additional 236 shares during the period. Institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

Shares of NYSE:ACM traded down $0.42 on Friday, hitting $89.16. 567,458 shares of the company were exchanged, compared to its average volume of 822,965. AECOM has a 1-year low of $74.40 and a 1-year high of $98.72. The stock’s 50 day moving average price is $87.74 and its 200 day moving average price is $90.37. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $12.14 billion, a P/E ratio of -990.56, a price-to-earnings-growth ratio of 1.26 and a beta of 1.17.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.01). AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the company posted $0.92 earnings per share. AECOM’s revenue for the quarter was up 13.0% compared to the same quarter last year. Sell-side analysts predict that AECOM will post 4.47 EPS for the current year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.99%. The ex-dividend date was Wednesday, July 3rd. AECOM’s payout ratio is -977.67%.

Insider Buying and Selling at AECOM

In other AECOM news, Director Douglas Stotlar sold 7,179 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $93.51, for a total value of $671,308.29. Following the sale, the director now directly owns 34,667 shares of the company’s stock, valued at $3,241,711.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ACM has been the topic of several analyst reports. Truist Financial cut their price target on shares of AECOM from $113.00 to $107.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. UBS Group lifted their price target on shares of AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. KeyCorp cut their price target on shares of AECOM from $105.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday. Citigroup lifted their price target on shares of AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Robert W. Baird cut their price target on shares of AECOM from $110.00 to $96.00 and set an “outperform” rating on the stock in a report on Monday, July 8th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $103.38.

About AECOM

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.