Intech Investment Management LLC Has $18.68 Million Holdings in AECOM $ACM

Intech Investment Management LLC grew its position in AECOM (NYSE:ACM) by 8.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 165,554 shares of the construction company’s stock after acquiring an additional 13,007 shares during the period. Intech Investment Management LLC’s holdings in AECOM were worth $18,684,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in shares of AECOM by 40.2% during the first quarter. Envestnet Asset Management Inc. now owns 152,464 shares of the construction company’s stock valued at $14,138,000 after purchasing an additional 43,706 shares in the last quarter. Stephens Inc. AR raised its holdings in AECOM by 27.7% in the 1st quarter. Stephens Inc. AR now owns 2,918 shares of the construction company’s stock valued at $271,000 after buying an additional 633 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in AECOM in the 1st quarter valued at approximately $92,000. Archer Investment Corp boosted its position in AECOM by 19.4% during the 1st quarter. Archer Investment Corp now owns 1,075 shares of the construction company’s stock worth $100,000 after buying an additional 175 shares during the period. Finally, Private Advisor Group LLC grew its holdings in AECOM by 27.4% during the 1st quarter. Private Advisor Group LLC now owns 14,659 shares of the construction company’s stock worth $1,359,000 after acquiring an additional 3,154 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

Shares of ACM opened at $133.56 on Friday. AECOM has a one year low of $85.00 and a one year high of $135.52. The company has a market cap of $17.69 billion, a PE ratio of 29.10, a P/E/G ratio of 1.96 and a beta of 1.06. The stock has a 50-day moving average of $130.76 and a 200-day moving average of $119.41. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, October 1st. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. AECOM’s payout ratio is currently 22.66%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ACM. UBS Group raised their price target on shares of AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Truist Financial lifted their target price on shares of AECOM from $128.00 to $146.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Wall Street Zen cut shares of AECOM from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. KeyCorp lifted their price objective on AECOM from $131.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Bank of America upped their target price on AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $137.30.

AECOM Company Profile

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.