AECOM (NYSE:ACM) Short Interest Update

AECOM (NYSE:ACM) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 1,730,000 shares, an increase of 14.6% from the June 30th total of 1,510,000 shares. Based on an average daily volume of 793,500 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.3% of the shares of the stock are short sold.

Insider Activity at AECOM

In related news, Director Douglas Stotlar sold 7,179 shares of the business’s 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 transaction, the director now owns 34,667 shares of the company’s stock, valued at $3,241,711.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.42% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ACM. SG Americas Securities LLC grew its stake in shares of AECOM by 112.2% during the 4th quarter. SG Americas Securities LLC now owns 8,997 shares of the construction company’s stock worth $832,000 after acquiring an additional 4,758 shares during the period. Raymond James & Associates boosted its stake in AECOM by 5.4% in the 4th quarter. Raymond James & Associates now owns 33,923 shares of the construction company’s stock worth $3,136,000 after purchasing an additional 1,740 shares during the period. Pinnacle Associates Ltd. boosted its stake in AECOM by 4.1% in the 4th quarter. Pinnacle Associates Ltd. now owns 4,522 shares of the construction company’s stock worth $418,000 after purchasing an additional 177 shares during the period. Pallas Capital Advisors LLC bought a new position in AECOM in the 4th quarter worth about $340,000. Finally, Oak Thistle LLC purchased a new stake in shares of AECOM in the 4th quarter valued at about $1,789,000. Institutional investors own 85.41% of the company’s stock.

AECOM Price Performance

Shares of NYSE:ACM opened at $91.54 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.88. AECOM has a twelve month low of $74.40 and a twelve month high of $98.72. The stock’s 50 day moving average is $87.60 and its 200-day moving average is $90.39. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of -1,002.44, a PEG ratio of 1.27 and a beta of 1.17.

AECOM (NYSE:ACM) last announced its earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the business earned $0.92 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Sell-side analysts forecast that AECOM will post 4.47 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd were paid a dividend of $0.22 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $0.88 annualized dividend and a dividend yield of 0.96%. AECOM’s payout ratio is -977.67%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ACM. Robert W. Baird dropped their price target on AECOM from $110.00 to $96.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. Citigroup lowered their target price on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. KeyCorp lowered 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, July 17th. UBS Group boosted their target price on AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Truist Financial reduced their price target on AECOM from $113.00 to $107.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM presently has a consensus rating of “Buy” and an average price target of $101.88.

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.