Haven Private LLC Takes Position in AECOM (NYSE:ACM)

Haven Private LLC purchased a new position in shares of AECOM (NYSE:ACM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,392 shares of the construction company's stock, valued at approximately $576,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Principal Securities Inc. increased its stake in AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Allworth Financial LP increased its stake in shares of AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after acquiring an additional 207 shares during the last quarter. Private Trust Co. NA purchased a new position in shares of AECOM during the 3rd quarter worth about $30,000. National Pension Service acquired a new stake in shares of AECOM in the fourth quarter worth approximately $32,000. Finally, True Wealth Design LLC boosted its position in shares of AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock worth $31,000 after acquiring an additional 297 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACM has been the topic of a number of recent analyst reports. Robert W. Baird cut their price target on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. Truist Financial increased their target price on AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Barclays boosted their price target on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. KeyCorp cut their price objective on AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Finally, Citigroup decreased their target price on AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $120.38.

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AECOM Stock Down 1.7 %

AECOM stock traded down $1.61 during midday trading on Tuesday, hitting $94.40. 1,279,671 shares of the company were exchanged, compared to its average volume of 815,947. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company's fifty day moving average price is $103.95 and its 200-day moving average price is $105.48. The company has a market cap of $12.52 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. On average, research analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.10%. AECOM's dividend payout ratio (DPR) is presently 29.55%.

AECOM declared that its Board of Directors has initiated a share buyback plan on Monday, November 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

AECOM 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.