23,660 Shares in AECOM (NYSE:ACM) Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd has made a new investment in AECOM, purchasing 23,660 shares valued at approximately $2.19 million.
• AECOM’s stock has seen various analysts adjust their price targets, with Citigroup raising its target from $122 to $137 and maintaining a "buy" rating.
• The company reported quarterly earnings of $1.25 per share, exceeding analyst expectations, with revenue up 2.6% year-over-year.

XTX Topco Ltd acquired a new stake in AECOM (NYSE:ACM - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,660 shares of the construction company's stock, valued at approximately $2,194,000.

Other large investors have also made changes to their positions in the company. TCTC Holdings LLC lifted its stake in shares of 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 period. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of AECOM in the 4th quarter valued at $35,000. Private Trust Co. NA lifted its stake 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 valued at $38,000 after purchasing an additional 112 shares during the period. Kapitalo Investimentos Ltda acquired a new position in shares of AECOM in the 4th quarter valued at $62,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of 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 period. 85.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ACM shares. Royal Bank Of Canada boosted their target price on shares of AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. KeyCorp boosted their target price on shares of AECOM from $120.00 to $129.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Truist Financial reduced their price objective on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird upped their price objective on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, Citigroup restated a "buy" rating and set a $137.00 price objective (up from $122.00) on shares of AECOM in a research report on Monday. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has a consensus rating of "Buy" and an average price target of $125.86.

AECOM Price Performance

Shares of NYSE ACM traded down $1.70 during mid-day trading on Friday, reaching $111.04. The company's stock had a trading volume of 1,067,314 shares, compared to its average volume of 811,481. The stock has a 50-day moving average of $112.35 and a two-hundred day moving average of $104.14. The stock has a market capitalization of $14.69 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.82 and a beta of 0.99. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.15 and a current ratio of 1.15. AECOM has a 1-year low of $84.75 and a 1-year high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. The business had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $4.18 billion. AECOM had a net margin of 3.85% and a return on equity of 27.67%. The company's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share. On average, equities research analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors 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 dividend yield of 0.9%. AECOM's dividend payout ratio is currently 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.