Olympiad Research LP Invests $249,000 in AECOM $ACM

Olympiad Research LP bought a new stake in AECOM (NYSE:ACM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,202 shares of the construction company’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Northern Trust Corp lifted its position in AECOM by 33.2% in the first quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company’s stock valued at $205,713,000 after purchasing an additional 553,519 shares during the last quarter. Amundi increased its stake in shares of AECOM by 16.6% in the first quarter. Amundi now owns 1,683,266 shares of the construction company’s stock worth $156,096,000 after buying an additional 239,608 shares during the period. Impax Asset Management Group plc raised its holdings in AECOM by 0.9% during the 2nd quarter. Impax Asset Management Group plc now owns 1,516,823 shares of the construction company’s stock valued at $171,189,000 after buying an additional 13,453 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in AECOM by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,261,386 shares of the construction company’s stock valued at $116,961,000 after buying an additional 55,466 shares during the period. Finally, Deutsche Bank AG grew its holdings in AECOM by 2.7% in the 1st quarter. Deutsche Bank AG now owns 1,144,329 shares of the construction company’s stock worth $106,114,000 after acquiring an additional 29,748 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.

AECOM Price Performance

Shares of ACM stock opened at $133.90 on Friday. The business’s fifty day moving average is $130.62 and its 200 day moving average is $119.16. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 1.96 and a beta of 1.06. AECOM has a twelve month low of $85.00 and a twelve month high of $135.52.

AECOM Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on ACM shares. Citigroup upped their price objective on shares of AECOM from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Barclays increased their price objective on AECOM from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Truist Financial boosted their target price on AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Bank of America upped their target price on AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, KeyCorp raised their price target on AECOM from $131.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price 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.