Private Advisor Group LLC Raises Position in AECOM (NYSE:ACM)

Private Advisor Group LLC grew its holdings in shares of AECOM (NYSE:ACM - Free Report) by 265.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,505 shares of the construction company's stock after buying an additional 8,357 shares during the period. Private Advisor Group LLC's holdings in AECOM were worth $1,229,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC increased its position in AECOM by 0.6% during the 3rd 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 boosted its stake in shares of AECOM by 17.0% during the 3rd 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 valued at $205,429,000 after purchasing an additional 289,513 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock valued at $79,339,000 after buying an additional 220,035 shares during the period. Citigroup Inc. raised its stake in AECOM by 5.7% in the third quarter. Citigroup Inc. now owns 585,174 shares of the construction company's stock worth $60,431,000 after buying an additional 31,299 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in AECOM by 0.3% in the third quarter. Swiss National Bank now owns 403,980 shares of the construction company's stock worth $41,719,000 after buying an additional 1,300 shares during the period. Institutional investors own 85.41% of the company's stock.

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AECOM Stock Down 3.0 %

Shares of ACM traded down $2.97 on Monday, hitting $97.08. 783,270 shares of the stock traded hands, compared to its average volume of 1,039,543. The company has a market capitalization of $12.88 billion, a PE ratio of 27.58, a P/E/G ratio of 1.63 and a beta of 1.19. AECOM has a one year low of $82.23 and a one year high of $118.56. 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 business has a 50 day simple moving average of $105.38 and a 200 day simple moving average of $105.51.

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

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ACM. Robert W. Baird decreased their target price on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. KeyCorp lowered their price objective on AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Citigroup lowered their price target 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 began coverage on shares of AECOM in a research note on Friday, November 22nd. They set a "buy" rating and a $130.00 price objective on the stock. Finally, Barclays lifted their target price on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $120.38.

About AECOM

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.