Aigen Investment Management LP Cuts Stock Position in AECOM $ACM

Key Points

• Aigen Investment Management LP reduced its stake in AECOM by 57.1%, selling 5,082 shares, and now holds 3,814 shares valued at approximately $354,000.
• Several hedge funds, including UBS AM and Northern Trust Corp, have increased their stakes in AECOM significantly, showcasing a strong institutional interest with 85.41% of the company's stock owned by institutional investors.
• AECOM reported earnings of $1.34 per share for the last quarter, exceeding analyst expectations, and has seen a 6.2% revenue growth year-over-year, with a current consensus price target of $128.44 from analysts.

Aigen Investment Management LP decreased its position in shares of AECOM (NYSE:ACM - Free Report) by 57.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,814 shares of the construction company's stock after selling 5,082 shares during the quarter. Aigen Investment Management LP's holdings in AECOM were worth $354,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ACM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of AECOM by 34.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company's stock valued at $286,305,000 after purchasing an additional 691,020 shares during the last quarter. Northern Trust Corp raised its holdings in AECOM by 53.5% during the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock valued at $177,844,000 after buying an additional 580,078 shares during the period. Dimensional Fund Advisors LP boosted its stake in AECOM by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,205,920 shares of the construction company's stock worth $128,820,000 after buying an additional 94,880 shares during the period. Deutsche Bank AG increased its position in AECOM by 2.7% during the first quarter. Deutsche Bank AG now owns 1,144,329 shares of the construction company's stock valued at $106,114,000 after acquiring an additional 29,748 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in AECOM by 5.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 936,607 shares of the construction company's stock valued at $100,048,000 after acquiring an additional 49,985 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

Wall Street Analysts Forecast Growth

ACM has been the subject of several analyst reports. KeyCorp raised their target price on shares of AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded AECOM from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. UBS Group increased their price target on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Barclays raised their price target on AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. Finally, Robert W. Baird upped their price objective on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $128.44.

AECOM Trading Up 0.3%

NYSE:ACM traded up $0.40 during midday trading on Monday, hitting $119.97. The stock had a trading volume of 128,193 shares, compared to its average volume of 984,703. The stock has a 50-day moving average of $114.19 and a 200 day moving average of $104.84. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.77 and a beta of 0.99. AECOM has a one year low of $85.00 and a one year high of $122.04. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

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

AECOM Announces Dividend

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

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.