XTX Topco Ltd Purchases Shares of 2,743 AECOM (NYSE:ACM)

XTX Topco Ltd purchased a new position in shares of AECOM (NYSE:ACM) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,743 shares of the construction company’s stock, valued at approximately $242,000.

Other hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in AECOM by 5.2% during the 2nd quarter. Renaissance Technologies LLC now owns 327,077 shares of the construction company’s stock valued at $28,829,000 after purchasing an additional 16,100 shares in the last quarter. Sierra Summit Advisors LLC purchased a new stake in shares of AECOM during the second quarter valued at $5,807,000. Stoneridge Investment Partners LLC acquired a new position in shares of AECOM in the 2nd quarter valued at $513,000. Meeder Advisory Services Inc. raised its stake in AECOM by 16.0% in the 2nd quarter. Meeder Advisory Services Inc. now owns 2,813 shares of the construction company’s stock worth $248,000 after acquiring an additional 389 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in AECOM by 67.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 808,192 shares of the construction company’s stock worth $71,897,000 after acquiring an additional 326,423 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barclays raised their price objective on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Royal Bank of Canada lifted their price objective on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Citigroup cut their price objective on shares of AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. KeyCorp boosted their target price on shares of AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $108.00 price target (up from $107.00) on shares of AECOM in a report on Wednesday, August 7th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $105.00.

AECOM Stock Performance

Shares of NYSE ACM opened at $103.23 on Friday. The company has a market capitalization of $14.05 billion, a PE ratio of -1,147.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. The company’s fifty day moving average price is $95.91 and its 200 day moving average price is $92.68. AECOM has a 1 year low of $74.40 and a 1 year high of $104.63.

AECOM (NYSE:ACM) last posted its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the company posted $0.94 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, research analysts predict that AECOM will post 4.46 earnings per share for the current 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 dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Wednesday, October 2nd. AECOM’s payout ratio is -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.