Charles Schwab Investment Management Inc. grew its stake in shares of AECOM (NYSE:ACM - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 893,903 shares of the construction company's stock after purchasing an additional 6,513 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.67% of AECOM worth $95,487,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of ACM. Jones Financial Companies Lllp boosted its holdings in AECOM by 821.4% in the 4th quarter. Jones Financial Companies Lllp now owns 645 shares of the construction company's stock worth $69,000 after acquiring an additional 575 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of AECOM by 24.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the construction company's stock worth $78,000 after purchasing an additional 143 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of AECOM by 2.3% in the fourth quarter. Metis Global Partners LLC now owns 22,033 shares of the construction company's stock valued at $2,354,000 after purchasing an additional 497 shares during the period. Flputnam Investment Management Co. boosted its stake in shares of AECOM by 88.8% in the fourth quarter. Flputnam Investment Management Co. now owns 272,888 shares of the construction company's stock valued at $29,150,000 after purchasing an additional 128,346 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in AECOM during the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 85.41% of the company's stock.
AECOM Stock Performance
Shares of AECOM stock traded down $1.53 during trading hours on Thursday, reaching $93.08. The company's stock had a trading volume of 395,834 shares, compared to its average volume of 816,677. AECOM has a one year low of $82.23 and a one year high of $118.56. The company's 50 day simple moving average is $103.46 and its 200 day simple moving average is $105.38. 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 stock has a market cap of $12.35 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22.
AECOM (NYSE:ACM - Get Free Report) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (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%. As a group, analysts expect that AECOM will post 5.1 EPS for the current fiscal year.
AECOM declared that its board has approved a stock repurchase program on Monday, November 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to buy up to 6.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.
AECOM Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.12%. The ex-dividend date is Wednesday, April 2nd. AECOM's dividend payout ratio is presently 29.55%.
Wall Street Analyst Weigh In
ACM has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on AECOM in a research note on Friday, November 22nd. They set a "buy" rating and a $130.00 target price for the company. KeyCorp dropped their price objective on AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Robert W. Baird reduced their target price on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. Barclays raised their price target 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. Finally, 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 report on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has an average rating of "Buy" and a consensus price target of $120.38.
Get Our Latest Analysis on ACM
AECOM Company Profile
(
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.
See Also
Before you consider AECOM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AECOM wasn't on the list.
While AECOM currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
