Y Intercept Hong Kong Ltd Raises Stock Holdings in AECOM (NYSE:ACM)

Key Points

• Y Intercept Hong Kong Ltd increased its holdings in AECOM by 89.5%, acquiring 4,793 additional shares during the first quarter, bringing its total ownership to 10,147 shares valued at approximately $941,000.
• AECOM reported earnings per share (EPS) of $1.25 for the quarter, surpassing analysts' expectations of $1.15, with a year-over-year revenue increase of 2.6%.
• Several institutional investors have recently made significant moves, with Norges Bank purchasing a new stake valued at $190 million and UBS AM increasing its holdings by 34.7%, now owning approximately 2.68 million shares.

Y Intercept Hong Kong Ltd lifted its stake in AECOM (NYSE:ACM - Free Report) by 89.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,147 shares of the construction company's stock after purchasing an additional 4,793 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in AECOM were worth $941,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brown Brothers Harriman & Co. boosted its holdings in shares of AECOM by 17.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock worth $74,000 after purchasing an additional 103 shares during the period. Private Trust Co. NA boosted its holdings in AECOM by 37.2% during the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after acquiring an additional 112 shares during the period. Ellevest Inc. boosted its holdings in AECOM by 2.2% during the 4th quarter. Ellevest Inc. now owns 5,820 shares of the construction company's stock valued at $622,000 after acquiring an additional 124 shares during the period. Bessemer Group Inc. boosted its holdings in AECOM by 0.5% during the 4th quarter. Bessemer Group Inc. now owns 30,959 shares of the construction company's stock valued at $3,307,000 after acquiring an additional 156 shares during the period. Finally, Gateway Investment Advisers LLC boosted its holdings in AECOM by 7.8% during the 1st quarter. Gateway Investment Advisers LLC now owns 2,196 shares of the construction company's stock valued at $204,000 after acquiring an additional 158 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

AECOM Stock Down 0.6%

NYSE ACM traded down $0.69 on Tuesday, reaching $113.16. 86,808 shares of the stock traded hands, compared to its average volume of 997,145. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.15 and a current ratio of 1.15. The company has a fifty day moving average price of $111.98 and a 200-day moving average price of $103.98. The company has a market cap of $14.97 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.87 and a beta of 0.96. AECOM has a 12 month low of $84.75 and a 12 month 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 earnings per share 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 analyst estimates of $4.18 billion. AECOM had a return on equity of 27.67% and a net margin of 3.85%. AECOM's revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 EPS. As a group, research analysts forecast that AECOM will post 5.1 EPS for the current fiscal 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 0.92%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) is currently 22.66%.

Analyst Ratings Changes

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

AECOM Company 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.