AECOM (NYSE:ACM – Get Free Report) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 4,224,942 shares, an increase of 30.6% from the February 12th total of 3,233,971 shares. Based on an average daily volume of 1,857,805 shares, the days-to-cover ratio is currently 2.3 days. Currently, 3.3% of the shares of the stock are sold short. Currently, 3.3% of the shares of the stock are sold short. Based on an average daily volume of 1,857,805 shares, the days-to-cover ratio is currently 2.3 days.
Institutional Trading of AECOM
Hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in AECOM by 11.3% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 129,432 shares of the construction company’s stock worth $16,887,000 after acquiring an additional 13,127 shares during the last quarter. Leuthold Group LLC purchased a new stake in AECOM in the third quarter valued at $3,427,000. Barclays PLC lifted its stake in shares of AECOM by 103.8% in the 3rd quarter. Barclays PLC now owns 490,826 shares of the construction company’s stock valued at $64,038,000 after purchasing an additional 250,043 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of AECOM by 10.5% in the 3rd quarter. Nordea Investment Management AB now owns 792,378 shares of the construction company’s stock valued at $103,279,000 after purchasing an additional 75,108 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of AECOM by 42.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 167,723 shares of the construction company’s stock worth $21,880,000 after purchasing an additional 50,086 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.
AECOM Trading Up 1.4%
Shares of ACM traded up $1.27 during midday trading on Friday, reaching $91.07. The company had a trading volume of 1,575,140 shares, compared to its average volume of 1,451,007. AECOM has a 1-year low of $85.00 and a 1-year high of $135.52. The stock has a market cap of $11.77 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 1.12 and a beta of 1.06. The firm has a 50 day simple moving average of $96.29 and a 200-day simple moving average of $111.39. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.08.
AECOM Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.24 dividend on an annualized basis and a yield of 1.4%. AECOM’s payout ratio is 35.23%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. UBS Group increased their target price on shares of AECOM from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Argus lowered their price target on shares of AECOM from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Bank of America upped their price objective on shares of AECOM from $117.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Zacks Research upgraded shares of AECOM from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Barclays raised their target price on shares of AECOM from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.09.
Read Our Latest Research Report on ACM
AECOM Company Profile
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
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