AlphaQuest LLC Acquires 26,462 Shares of AECOM (NYSE:ACM)

AlphaQuest LLC lifted its position in AECOM (NYSE:ACM - Free Report) by 401.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,047 shares of the construction company's stock after buying an additional 26,462 shares during the quarter. AECOM makes up 0.5% of AlphaQuest LLC's investment portfolio, making the stock its 2nd largest holding. AlphaQuest LLC's holdings in AECOM were worth $3,530,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised 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 acquiring an additional 14,511 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 buying an additional 289,513 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in AECOM by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 893,903 shares of the construction company's stock valued at $95,487,000 after acquiring an additional 6,513 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in AECOM by 40.1% during the 3rd 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 in the last quarter. Finally, Citigroup Inc. raised its holdings in shares of AECOM by 5.7% in the 3rd quarter. Citigroup Inc. now owns 585,174 shares of the construction company's stock valued at $60,431,000 after purchasing an additional 31,299 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

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AECOM Stock Performance

Shares of ACM traded down $1.53 during mid-day trading on Thursday, reaching $93.08. 561,230 shares of the company's stock were exchanged, compared to its average volume of 816,682. The business's fifty day simple moving average is $103.46 and its 200-day simple moving average is $105.38. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The stock has a market capitalization of $12.35 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. 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 (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share 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%. On average, equities research analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM announced that its board has approved a stock buyback program on Monday, November 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be given 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 1.12%. AECOM's dividend payout ratio (DPR) is 29.55%.

Analyst Ratings Changes

A number of brokerages recently commented on ACM. KeyCorp lowered their target price on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Robert W. Baird dropped their price objective on AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a report on Tuesday, February 4th. Citigroup cut their target price on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Barclays upped their price target on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, The Goldman Sachs Group assumed coverage on shares of AECOM in a report on Friday, November 22nd. They set a "buy" rating and a $130.00 price objective on the stock. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM currently has an average rating of "Buy" and an average target price of $120.38.

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.