Flputnam Investment Management Co. increased its position in shares of AECOM (NYSE:ACM - Free Report) by 88.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 272,888 shares of the construction company's stock after acquiring an additional 128,346 shares during the period. Flputnam Investment Management Co. owned about 0.21% of AECOM worth $29,150,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of AECOM by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company's stock worth $233,918,000 after purchasing an additional 14,511 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 during the last quarter. JPMorgan Chase & Co. raised its holdings in 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 in the last quarter. Citigroup Inc. lifted its position in shares of 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 during the last quarter. Finally, Swiss National Bank lifted its position in shares of 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 last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Barclays raised their price objective on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Citigroup dropped their price target on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. KeyCorp decreased their price objective on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Truist Financial lifted their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of AECOM in a research report on Friday, November 22nd. They set a "buy" rating and a $130.00 target price for the company. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has a consensus rating of "Buy" and a consensus target price of $120.38.
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AECOM Stock Performance
Shares of NYSE:ACM traded down $2.50 on Tuesday, hitting $94.67. 674,526 shares of the company were exchanged, compared to its average volume of 806,327. AECOM has a one year low of $82.23 and a one year high of $118.56. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.63 and a beta of 1.19. The company's 50 day moving average price is $105.16 and its two-hundred day moving average price is $105.51. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14.
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 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%. Research analysts expect that AECOM will post 5.1 earnings per share for the current year.
AECOM announced that its Board of Directors has initiated a share 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 generally a sign that the company's leadership believes its stock is undervalued.
AECOM 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.
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