Aigen Investment Management LP acquired a new stake in AECOM (NYSE:ACM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,896 shares of the construction company's stock, valued at approximately $950,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of AECOM by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company's stock valued at $233,918,000 after purchasing an additional 14,511 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in AECOM by 17.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company's stock worth $205,429,000 after acquiring an additional 289,513 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in AECOM by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 893,903 shares of the construction company's stock worth $95,487,000 after acquiring an additional 6,513 shares during the last quarter. JPMorgan Chase & Co. raised its position in AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock worth $79,339,000 after acquiring an additional 220,035 shares during the last quarter. Finally, Citigroup Inc. raised its position in AECOM by 5.7% during the third quarter. Citigroup Inc. now owns 585,174 shares of the construction company's stock worth $60,431,000 after acquiring an additional 31,299 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on ACM shares. KeyCorp cut their target price on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Citigroup cut their target price on shares of AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group started coverage on shares of AECOM in a research report on Friday, November 22nd. They set a "buy" rating and a $130.00 target price for the company. Robert W. Baird cut their target price on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. Finally, Barclays lifted their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM presently has an average rating of "Buy" and an average target price of $120.38.
Check Out Our Latest Stock Report on ACM
AECOM Trading Up 0.3 %
Shares of NYSE:ACM traded up $0.29 during trading on Friday, reaching $97.02. The stock had a trading volume of 965,740 shares, compared to its average volume of 813,357. The business has a fifty day moving average price of $104.17 and a 200-day moving average price of $105.42. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a market cap of $12.87 billion, a P/E ratio of 27.56, a PEG ratio of 1.63 and a beta of 1.22. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56.
AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data 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%. As a group, analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.
AECOM announced that its board has initiated a share repurchase plan on Monday, November 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.
AECOM Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be issued a $0.26 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.07%. AECOM's payout ratio is 29.55%.
About AECOM
(
Free Report)
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.
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