There was a significant decrease in the number of short positions in AECOM during August (NYSE: ACM). Compared to the previous figure of 2,680,000 shares borrowed as of July 31, the number of shares borrowed as of August 15 was 2,130,000, which is a decrease of 20.5% from the previous figure. Therefore, it is possible to derive the current short-interest ratio of 3.5 days by using the average daily trading volume of 609,400 shares as a starting point for the calculation. At present, short sales constitute 1.5% of the total number of shares held by the corporation.
When 2020 arrives, you should have investments in construction equities and ETFs. Because of recent events, institutional investors have changed how much of the company they own to reflect the new information. For example, fifth Third Bancorp increased its ownership of AECOM by 11.4% during the second quarter of the fiscal year by purchasing additional company shares.
During the most recent quarter, Fifth Third Bancorp boosted its holdings in the stock of the construction firm by purchasing an additional 150 shares, bringing the total number of shares it holds in the business to 1,461. As a result, it increased its stock holdings to $95,000. During the second quarter, Quent Capital LLC increased the percentage of AECOM shares it owned by 11.6%. Quent Capital LLC currently has a total of 1,578 shares in the construction business, which are valued at a combined total of $103,000 after purchasing an additional 164 shares during the quarter.
These 1,578 shares are purchased for a total of $103,000. During the second quarter, Northwestern Mutual Investment Management Company LLC boosted the percentage of AECOM shares it owned by 0.8%. In the most recent fiscal quarter, Northwestern Mutual Investment Management Company LLC increased its holdings in the construction company by purchasing an additional 182 shares.
It brings the total number of shares it currently possesses in the company to 23,658, with a value of $1,543,000 on the market. During the second quarter, Janney Montgomery Scott LLC boosted the number of AECOM shares it owned by 3.6%, bringing its total ownership to 100%. There are currently 5,255 shares of the construction company’s stock owned by Janney Montgomery Scott LLC. These shares have a combined value of $343,000 as of right now. It equates to an increase of 183 claims that were purchased over the mentioned period and signified an increase in the total number of shares held.
Additionally, throughout the first three months of this year, Signaturefd LLC was able to raise the quantity of AECOM stock owned by 107.6%. SignatureFD LLC currently has a total of 355 shares in the construction industry, having purchased 184 shares during the most recent quarter to bring their total number of shares to 355. The current value of these shares is twenty-seven thousand dollars. 86.15% of the outstanding shares are held in ownership by hedge funds and other institutional investors. On Monday morning, the market’s opening price was $75.71 for each share of AECOM that was traded. 1.06 is the value reached when the current, quick, and debt-to-equity ratios are all added together.
The ratio of debt to equity is now at 0.84. Over the previous 52 weeks, AECOM’s stock price fluctuated between a high of $79.97 and a low of $79.97. The moving averages for the last 50 days for the company are $69.38, and the moving averages for the previous 200 days are $71.26. AECOM (NYSE: ACM) gave the public their most recent earnings report on August 8, which was made available online.
The construction company reported profits per share for the quarter of $0.86, which was $0.04 higher than the average prediction of analysts, which was $0.82. AECOM successfully attained a return on equity of 18.25%, and its net margin was 2.30% during this period. The company’s sales for the period came in at $3.24 billion, which is lower than the average projection of $3.49 billion for the period anticipated. Compared to the prior year’s results for the same quarter, the company’s earnings per share came in at $0.73. The corporation’s revenue experienced a 4.9% decline compared to the prior fiscal year. According to the forecasts provided by experts in the relevant industry, AECOM’s current financial year should result in earnings of $3.45 per share for the company.
In addition, the company has recently declared and distributed a quarterly dividend, which took place on July 22. This payment is handed out to shareholders. On Wednesday, July 6, dividend payments to shareholders whose information was already on record were mailed out. Each amount totaled $0.15. It translates into a dividend payment of $0.60 per year, which results in a dividend yield of 0.79% for the company. This dividend had an ex-dividend date of July 5, a Tuesday that coincided with the day it was paid out. Now, 28.57% of AECOM’s revenue is distributed to shareholders.
Recent research efforts have been concentrating on ACM as a subject of examination. Citigroup’s price goal for AECOM shares went down from $92.00 to $85.00 because of the research report it released on July 22. The announcement that Credit Suisse Group has increased its price objective on AECOM to $800.00 was made public in a research note issued on August 15. In a report released on Friday, Robert W. Baird increased their target price for AECOM from $82 to $89.00 and designated the company as an “outperform.” Last but not least, in a research note made public on Thursday, July 28, Bloomberg moved its rating for AECOM from “hold” to “buy.”
It is done to reflect the optimistic outlook for the company. Seven separate financial analysts have given the stock a buy recommendation, and one has even gone so far as to recommend that investors acquire the shares. The stock presently carries a consensus recommendation of “Moderate Buy,” and market watchers forecast its price will rise to an average of $88.38 over the next twelve months. AECOM’s findings and observations The experienced infrastructure consulting services provided by AECOM and its subsidiaries are available to governments, businesses, and organizations based in the regions of the Americas, Europe, the Middle East, and Africa, as well as the Asia-Pacific area. These customers are dispersed all over the world in various locations.
The Americas, International, and AECOM Capital are the three divisions that come together to form this comprehensive whole. Customers in public and private sectors can use the company’s services in investment and development, planning and consulting, architectural and engineering design, construction and program management, and buying and development.