Asset Management One Co. Ltd. Grows Stock Holdings in AECOM (NYSE:ACM)

Asset Management One Co. Ltd. grew its position in AECOM (NYSE:ACM - Free Report) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,844 shares of the construction company's stock after purchasing an additional 4,012 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.08% of AECOM worth $11,613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Great Lakes Retirement Inc. raised its stake in AECOM by 3.4% during the 4th quarter. Great Lakes Retirement Inc. now owns 13,520 shares of the construction company's stock worth $1,444,000 after acquiring an additional 442 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in AECOM during the 4th quarter worth $51,000. Conning Inc. acquired a new stake in AECOM during the 4th quarter worth $364,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in AECOM by 31.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,992 shares of the construction company's stock worth $1,495,000 after acquiring an additional 3,374 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in AECOM by 3.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 267,266 shares of the construction company's stock worth $28,549,000 after acquiring an additional 8,586 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ACM shares. KeyCorp cut their price target on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Truist Financial lifted their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. 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. Citigroup cut their price target on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group began coverage on shares of AECOM in a research note on Friday, November 22nd. They issued a "buy" rating and a $130.00 price objective on the stock. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has an average rating of "Buy" and an average target price of $120.38.

AECOM Stock Performance

AECOM stock traded down $1.28 during trading hours on Thursday, reaching $99.72. 595,659 shares of the stock were exchanged, compared to its average volume of 981,779. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The stock has a market cap of $13.23 billion, a P/E ratio of 28.33, a P/E/G ratio of 1.70 and a beta of 1.19. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The firm's 50 day moving average is $106.99 and its 200 day moving average is $105.20.

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

AECOM announced that its board has authorized 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

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.