Headlands Technologies LLC Acquires Shares of 825 AECOM (NYSE:ACM)

Headlands Technologies LLC acquired a new stake in AECOM (NYSE:ACM) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 825 shares of the construction company’s stock, valued at approximately $77,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG increased its stake in shares of 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 buying an additional 29,748 shares during the period. ASR Vermogensbeheer N.V. purchased a new position in shares of AECOM during the first quarter valued at approximately $486,000. Atria Wealth Solutions Inc. increased its stake in shares of AECOM by 56.3% during the first quarter. Atria Wealth Solutions Inc. now owns 3,177 shares of the construction company’s stock valued at $295,000 after buying an additional 1,145 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of AECOM during the first quarter valued at approximately $1,336,000. Finally, Haven Private LLC increased its stake in shares of AECOM by 8.6% during the first quarter. Haven Private LLC now owns 5,855 shares of the construction company’s stock valued at $543,000 after buying an additional 463 shares during the period. Institutional investors own 85.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup reissued a “buy” rating and set a $137.00 target price (up from $122.00) on shares of AECOM in a research note on Monday, July 28th. UBS Group upped their price target on AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Bank of America upped their price target on AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Royal Bank Of Canada upped their price target on AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Finally, KeyCorp upped their price target on AECOM from $129.00 to $131.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has a consensus rating of “Buy” and a consensus target price of $128.44.

AECOM Trading Up 1.4%

NYSE ACM opened at $120.88 on Wednesday. AECOM has a 12 month low of $85.00 and a 12 month high of $121.73. The stock has a market cap of $16.01 billion, a P/E ratio of 26.33, a P/E/G ratio of 1.77 and a beta of 0.99. The stock’s fifty day moving average price is $113.62 and its 200-day moving average price is $104.54. 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) last released its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the prior year, the firm posted $1.16 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

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

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.