Entropy Technologies LP Buys New Stake in AECOM (NYSE:ACM)

Key Points

• Entropy Technologies LP acquired a new stake in AECOM, purchasing 22,332 shares valued at approximately $2,071,000 in the first quarter of 2023.
• AECOM recently reported $1.34 EPS, surpassing expectations and achieving a 6.2% year-over-year revenue increase, although revenue fell short of analyst forecasts.
• The company declared a quarterly dividend of $0.26 per share, resulting in an annualized yield of 0.9% and a payout ratio of 22.66%.

Entropy Technologies LP bought a new stake in AECOM (NYSE:ACM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 22,332 shares of the construction company's stock, valued at approximately $2,071,000.

Several other institutional investors have also recently added to or reduced their stakes in ACM. TCTC Holdings LLC increased its holdings in AECOM by 120.3% in the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in AECOM in the 4th quarter valued at approximately $35,000. Private Trust Co. NA increased its holdings in AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after purchasing an additional 112 shares during the last quarter. Eastern Bank acquired a new stake in AECOM in the 1st quarter valued at approximately $49,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in AECOM by 148.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock valued at $55,000 after purchasing an additional 354 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Price Performance

AECOM stock opened at $118.44 on Monday. The stock has a market cap of $15.69 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The company has a fifty day simple moving average of $113.22 and a 200-day simple moving average of $104.35. AECOM has a 12-month low of $85.00 and a 12-month high of $121.73. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

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 (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.16 EPS. Equities analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) is currently 22.66%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ACM. Royal Bank Of Canada lifted their target price on shares of AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. UBS Group raised their price target on shares of AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen raised shares of AECOM from a "hold" rating to a "buy" rating in a research report on Saturday. Robert W. Baird raised their price target on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Finally, Bank of America raised their price target on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Ten 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 $127.33.

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.

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