Virtu Financial LLC Increases Stake in AECOM $ACM

Key Points

• Virtu Financial LLC increased its stake in AECOM by 79.3%, holding 5,425 shares valued at approximately $503,000 as of their latest SEC filing.
• AECOM reported a quarterly earnings per share of $1.34, exceeding analysts' expectations, with a total revenue of $1.94 billion against an estimate of $4.33 billion.
• Bank of America raised AECOM's target price from $112.50 to $124.00, and multiple analysts currently maintain a "buy" rating on the stock with a consensus target price of $128.44.

Virtu Financial LLC lifted its holdings in shares of AECOM (NYSE:ACM - Free Report) by 79.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,425 shares of the construction company's stock after purchasing an additional 2,399 shares during the period. Virtu Financial LLC's holdings in AECOM were worth $503,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cordatus Wealth Management LLC lifted its holdings in AECOM by 3.7% in the first quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company's stock worth $266,000 after buying an additional 101 shares during the period. Private Trust Co. NA raised its position in shares of AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after acquiring an additional 112 shares in the last quarter. Ellevest Inc. lifted its stake in shares of AECOM by 2.2% in the 4th quarter. Ellevest Inc. now owns 5,820 shares of the construction company's stock valued at $622,000 after purchasing an additional 124 shares during the period. Gateway Investment Advisers LLC boosted its position in shares of AECOM by 7.8% during the first quarter. Gateway Investment Advisers LLC now owns 2,196 shares of the construction company's stock valued at $204,000 after purchasing an additional 158 shares in the last quarter. Finally, TCTC Holdings LLC grew its stake in AECOM by 120.3% in the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ACM. UBS Group increased their price target on shares of AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Citigroup reiterated a "buy" rating and set a $137.00 target price (up from $122.00) on shares of AECOM in a report on Monday, July 28th. Robert W. Baird upped their price target on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. KeyCorp lifted their price objective on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Barclays boosted their target price on AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $128.44.

AECOM Stock Performance

NYSE ACM traded up $0.40 during trading hours on Monday, hitting $119.97. The company's stock had a trading volume of 128,193 shares, compared to its average volume of 984,703. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $15.89 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99. The company's 50 day simple moving average is $114.19 and its two-hundred day simple moving average is $104.84. AECOM has a 12 month low of $85.00 and a 12 month high of $122.04.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.09. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $4.33 billion. During the same period in the previous year, the company earned $1.16 earnings per share. The firm's quarterly revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. AECOM's dividend payout ratio is currently 22.66%.

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.