Lombard Odier Asset Management Europe Ltd Acquires 66,850 Shares of AECOM (NYSE:ACM)

Lombard Odier Asset Management Europe Ltd raised its stake in shares of AECOM (NYSE:ACM) by 61.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,390 shares of the construction company’s stock after buying an additional 66,850 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in AECOM were worth $15,547,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACM. Magnetar Financial LLC bought a new position in shares of AECOM in the 2nd quarter valued at approximately $725,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in AECOM by 5.5% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company’s stock worth $206,176,000 after purchasing an additional 122,015 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of AECOM by 115.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 302,147 shares of the construction company’s stock worth $26,631,000 after purchasing an additional 161,603 shares during the period. Sei Investments Co. raised its position in shares of AECOM by 6.4% during the second quarter. Sei Investments Co. now owns 152,973 shares of the construction company’s stock valued at $13,483,000 after buying an additional 9,220 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of AECOM by 18.6% in the second quarter. Pacer Advisors Inc. now owns 24,278 shares of the construction company’s stock valued at $2,140,000 after buying an additional 3,811 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ACM shares. Barclays boosted their price target on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Truist Financial restated a “buy” rating and set a $108.00 price objective (up from $107.00) on shares of AECOM in a research report on Wednesday, August 7th. KeyCorp lifted their price target on shares of AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Royal Bank of Canada boosted their price target on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Robert W. Baird lifted their target price on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $105.00.

AECOM Trading Down 0.0 %

ACM opened at $101.19 on Monday. AECOM has a 1-year low of $74.40 and a 1-year high of $102.26. The firm has a 50-day moving average price of $94.62 and a two-hundred day moving average price of $92.31. The stock has a market capitalization of $13.77 billion, a PE ratio of -1,124.33, a PEG ratio of 1.60 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.04. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $1.85 billion. AECOM had a net margin of 1.61% and a return on equity of 24.14%. AECOM’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 EPS. As a group, equities analysts anticipate that AECOM will post 4.46 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

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.