AECOM (NYSE:ACM) Short Interest Update

AECOM (NYSE:ACM) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 3,120,000 shares, an increase of 28.4% from the March 31st total of 2,430,000 shares. Currently, 2.4% of the shares of the stock are sold short. Based on an average trading volume of 1,100,000 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Investors Weigh In On AECOM

Several large investors have recently made changes to their positions in ACM. Whittier Trust Co. of Nevada Inc. purchased a new stake in AECOM during the 1st quarter worth $92,000. Edgestream Partners L.P. lifted its stake in shares of AECOM by 52.9% during the first quarter. Edgestream Partners L.P. now owns 57,724 shares of the construction company’s stock worth $5,353,000 after purchasing an additional 19,975 shares in the last quarter. MQS Management LLC purchased a new stake in shares of AECOM in the first quarter worth about $724,000. Stephens Inc. AR grew its stake in shares of AECOM by 27.7% in the first quarter. Stephens Inc. AR now owns 2,918 shares of the construction company’s stock valued at $271,000 after buying an additional 633 shares in the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of AECOM by 28.9% during the 1st quarter. Ballentine Partners LLC now owns 5,331 shares of the construction company’s stock valued at $494,000 after buying an additional 1,194 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Performance

NYSE:ACM opened at $102.42 on Friday. The company has a market cap of $13.58 billion, a P/E ratio of 29.10, a P/E/G ratio of 1.63 and a beta of 1.03. The firm’s 50 day moving average is $94.90 and its two-hundred day moving average is $103.62. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. Analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.02%. AECOM’s dividend payout ratio (DPR) is 29.55%.

Wall Street Analysts Forecast Growth

ACM has been the subject of a number of recent research reports. Barclays lifted their price objective on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Robert W. Baird lowered their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Truist Financial cut 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. KeyCorp decreased their target price on shares of AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Citigroup cut their price target on AECOM from $127.00 to $116.00 and set a “buy” rating for the company in a report on Friday, April 25th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $116.50.

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.