Edgestream Partners L.P. acquired a new stake in shares of AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,749 shares of the construction company's stock, valued at approximately $4,032,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Magnus Financial Group LLC boosted its position in AECOM by 93.5% during the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company's stock valued at $519,000 after buying an additional 2,348 shares during the period. JPMorgan Chase & Co. increased its stake 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. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of AECOM by 5.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company's stock valued at $26,714,000 after acquiring an additional 12,224 shares in the last quarter. TT International Asset Management LTD purchased a new stake in AECOM in the fourth quarter worth $3,578,000. Finally, Park Avenue Securities LLC boosted its holdings in AECOM by 176.9% in the fourth quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company's stock valued at $773,000 after acquiring an additional 4,625 shares in the last quarter. Institutional investors own 85.41% of the company's stock.
AECOM Stock Up 0.3 %
ACM stock traded up $0.30 during midday trading on Wednesday, hitting $94.68. The company's stock had a trading volume of 732,275 shares, compared to its average volume of 816,680. The firm's 50-day moving average is $103.70 and its 200-day moving average is $105.45. 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 has a 12 month low of $82.23 and a 12 month high of $118.56. The company has a market cap of $12.56 billion, a PE ratio of 26.90, a P/E/G ratio of 1.63 and a beta of 1.22.
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, beating 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%. On average, equities research analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.
AECOM announced that its board has approved a share repurchase program on Monday, November 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.
AECOM Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Wednesday, April 2nd. AECOM's dividend payout ratio is presently 29.55%.
Wall Street Analyst Weigh In
Several research firms have recently commented on ACM. Barclays raised their target price 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. Truist Financial raised their target price on AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Robert W. Baird reduced their price target on AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. The Goldman Sachs Group assumed coverage on AECOM in a research report on Friday, November 22nd. They set a "buy" rating and a $130.00 price objective for the company. Finally, KeyCorp decreased their price target 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. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $120.38.
Check Out Our Latest Research Report on AECOM
About AECOM
(
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.
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