Ieq Capital LLC Cuts Holdings in AECOM (NYSE:ACM)

Ieq Capital LLC cut its position in shares of AECOM (NYSE:ACM - Free Report) by 49.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,480 shares of the construction company's stock after selling 3,432 shares during the period. Ieq Capital LLC's holdings in AECOM were worth $372,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC grew its stake in shares of AECOM by 265.5% in the 4th quarter. Private Advisor Group LLC now owns 11,505 shares of the construction company's stock worth $1,229,000 after buying an additional 8,357 shares in the last quarter. Kestra Investment Management LLC purchased a new position in AECOM in the fourth quarter worth about $256,000. Atria Wealth Solutions Inc. purchased a new position in AECOM in the fourth quarter worth about $217,000. Venturi Wealth Management LLC increased its stake in AECOM by 407.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,619 shares of the construction company's stock worth $173,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Truist Financial Corp raised its position in AECOM by 28.7% during the fourth quarter. Truist Financial Corp now owns 9,851 shares of the construction company's stock valued at $1,052,000 after purchasing an additional 2,194 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

Wall Street Analysts Forecast Growth

ACM has been the topic of several analyst reports. Barclays boosted their target price on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. The Goldman Sachs Group began coverage on shares of AECOM in a research report on Friday, November 22nd. They set a "buy" rating and a $130.00 price objective on the stock. Robert W. Baird reduced their target price 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 dropped their price target on shares of AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, KeyCorp reduced their price objective on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $120.38.

Remove Ads

AECOM Trading Down 3.0 %

Shares of NYSE ACM traded down $2.97 during mid-day trading on Monday, reaching $97.08. The company had a trading volume of 783,270 shares, compared to its average volume of 1,039,543. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The business's 50-day moving average is $105.38 and its 200-day moving average is $105.51. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM - Get Free Report) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping 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%. Equities analysts expect that AECOM will post 5.1 earnings per share for the current year.

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