Perplexity and Bustiness at Victory Capital Management: AECOM’s Rising Holdings
July 28, 2023 – Victory Capital Management Inc., a prominent institutional investor, has recently made waves in the financial world by increasing its holdings in AECOM (NYSE:ACM) during the first quarter. This move has sparked interest and raised eyebrows among industry experts due to the impressive figures involved. According to the disclosure submitted to the Securities and Exchange Commission (SEC), Victory Capital Management Inc. boosted its stake in AECOM by a staggering 15.8%. This equates to an additional 41,541 shares purchased during this period, totaling an outstanding 304,759 shares of the renowned construction company’s stock. The value of this investment is estimated at an astonishing $25,697,000.
AECOM, along with its subsidiaries, operates as a high-profile provider of professional infrastructure consulting services across various countries worldwide. With a steadfast commitment towards excellence and innovation, AECOM has managed to solidify its position as a leader in the industry. The company effectively facilitates planning processes, offers consulting services, excels in architectural and engineering design work, adeptly handles construction and program management operations, while also providing investment and development services for both commercial and government clients.
Shares of NYSE:ACM began trading at $86.39 on Friday. As of the recent market update available on July 28th, AECOM boasts a market capitalization figure that exceeds an impressive $12.01 billion. Moreover, keen observers would notice that AECOM currently holds a favorable price-to-earnings ratio (PE ratio) of 32.60 – indicating robust profitability within this sector. Furthermore, analysts have taken particular note of the P/E ratio to growth ratio (P/E/G ratio) which stands at an intriguing 2.16; suggesting that AECOM may be well positioned for future growth. It is also important to highlight the beta value, which signifies the stock’s vulnerability to market fluctuations. In AECOM’s case, the company possesses a beta value of 1.29, suggesting a moderate level of volatility.
Digging deeper into the financial health of AECOM reveals promising indicators. The current ratio and quick ratio both stand at a commendable 1.09; showcasing AECOM’s ability to meet its short-term obligations effectively. Additionally, with a debt-to-equity ratio of 0.79, AECOM maintains a balanced approach towards its leverage position.
Reflecting on the past year, AECOM has demonstrated resilience in its share price performance. With a twelve-month low of $66.47 and a twelve-month high of $92.16, investors have been treated to an exciting journey within this period. As of the latest update, AECOM’s fifty-day simple moving average rests at $84.20, indicating that the stock has experienced recent stability after exhibiting upward trends in value since last reported.
In conclusion, Victory Capital Management Inc.’s decision to increase its holdings in AECOM sparks curiosity and intrigue among finance enthusiasts who eagerly await further developments in this ever-evolving market environment. Given AECOM’s solid reputation as an industry leader and its commitment to excellence in professional infrastructure consulting services, it comes as no surprise that seasoned investors like Victory Capital Management Inc., recognize the immense potential this company holds for profitable returns. As the world looks towards prosperous economic endeavors post-pandemic recovery, industry professionals eagerly anticipate what lies ahead for AECOM and its shareholders.
Note: The information provided above reflects data up until July 28th and is subject to change as new updates become available from relevant sources.
Updated on: 03/03/2024
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
We did not find social sentiment data for this stock
|Analyst / firm
AECOM: Gaining Attention from Institutional Investors and Showing Strong Financial Performance
July 28, 2023 – AECOM: Building a Strong Portfolio and Attracting Institutional Investors
AECOM, a renowned provider of professional infrastructure consulting services globally, has been making waves in the financial market. The company, along with its subsidiaries, excels in offering planning, consulting, architectural and engineering design, construction and program management, as well as investment and development services to both commercial and government clients. As of late, AECOM has garnered a significant amount of attention from institutional investors.
Institutional investors have been actively adjusting their positions in AECOM recently. Massmutual Trust Co. FSB ADV witnessed an impressive growth of 80.9% in its holdings during the first quarter. CWM LLC also experienced growth of 12.9% in the fourth quarter while Fifth Third Bancorp saw a rise of 14.6% in the first quarter. Ranch Capital Advisors Inc., on the other hand, witnessed an increase of 5.1% in the fourth quarter. Moreover, Moneta Group Investment Advisors LLC recorded an increase of 6.8% during the same period.
The data suggests that these institutional investors have displayed confidence in AECOM’s potential for growth and profitability. With each institution increasing their respective holdings by purchasing additional shares, it becomes clear that they view AECOM as a lucrative investment opportunity.
Furthermore, research analysts have weighed in on AECOM’s stock performance as well. In a recent report by StockNews.com on July 22nd, the stock was upgraded from a “hold” rating to a “buy” rating. Additionally, Robert W. Baird lowered their price target from $103 to $100 on May 9th but maintained an optimistic outlook for AECOM’s future prospects.
According to Bloomberg.com’s analysis based on ratings given by various analysts who cover the stock closely, AECOM currently holds an average rating of “Buy” and an average target price of $99.00. This overall positive sentiment from the analysts further solidifies the company’s potential growth in the long term.
AECOM recently reported its quarterly earnings data on May 9th, revealing impressive results. The company exceeded expectations, reporting earnings per share of $0.92 for the quarter, surpassing the consensus estimate of $0.88 by $0.04. AECOM achieved a net margin of 2.75% and a return on equity of 18.72%. Its quarterly revenue stood at $3.49 billion, exceeding the consensus estimate of $3.38 billion, showcasing an 8.6% increase compared to the same period last year.
Taking into account these strong financial performances, it is anticipated that AECOM will post earnings per share of 3.71 for the current fiscal year, according to equities analysts.
In line with its commitment to shareholders, AECOM recently declared a quarterly dividend on July 21st which was paid out to investors who held shares as of July 6th. The dividend payout amounted to $0.18 per share and represented an annualized dividend yield of 0.83%. With a dividend payout ratio (DPR) of 27.17%, AECOM has demonstrated its ability to generate consistent returns for its shareholders.
As institutional investors continue to express confidence in AECOM’s growth potential and research analysts maintain favorable ratings and target prices, it is evident that AECOM is poised for continued success in the infrastructure consulting industry worldwide.
Disclaimer: This article is intended for informational purposes only and should not be construed as investment advice or a recommendation to buy or sell securities.