Entropy Technologies LP Makes New $2.06 Million Investment in AECOM (NYSE:ACM)

Entropy Technologies LP bought a new position in AECOM (NYSE:ACM) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,962 shares of the construction company’s stock, valued at approximately $2,056,000.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of AECOM in the fourth quarter worth $159,060,000. Findlay Park Partners LLP grew its stake in shares of AECOM by 22.6% in the first quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock worth $251,215,000 after purchasing an additional 472,944 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of AECOM by 1,170.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 240,512 shares of the construction company’s stock worth $23,589,000 after purchasing an additional 221,588 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of AECOM by 1,717.1% in the first quarter. SG Americas Securities LLC now owns 163,480 shares of the construction company’s stock worth $16,034,000 after purchasing an additional 154,483 shares in the last quarter. Finally, Pinnbrook Capital Management LP bought a new position in shares of AECOM in the fourth quarter worth $10,168,000. 85.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ACM shares. Citigroup increased their price target on AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Truist Financial decreased their price target on AECOM from $113.00 to $107.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Robert W. Baird decreased their target price on AECOM from $110.00 to $96.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. UBS Group raised their target price on AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, KeyCorp decreased their target price on AECOM from $105.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM presently has a consensus rating of “Buy” and a consensus price target of $103.38.

AECOM Price Performance

Shares of NYSE:ACM traded up $1.12 during midday trading on Thursday, reaching $90.73. The company had a trading volume of 19,709 shares, compared to its average volume of 765,077. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.88. AECOM has a 1-year low of $74.40 and a 1-year high of $98.72. The company has a fifty day simple moving average of $87.88 and a two-hundred day simple moving average of $90.40.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts forecast that AECOM will post 4.47 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Wednesday, July 3rd will be given a $0.22 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.97%. AECOM’s dividend payout ratio (DPR) is -977.67%.

Insider Activity at AECOM

In related news, Director Douglas Stotlar sold 7,179 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $93.51, for a total value of $671,308.29. Following the completion of the sale, the director now directly owns 34,667 shares of the company’s stock, valued at approximately $3,241,711.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

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.