Global Retirement Partners LLC Sells 3,164 Shares of AECOM (NYSE:ACM)

Global Retirement Partners LLC decreased its stake in AECOM (NYSE:ACM - Free Report) by 65.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,673 shares of the construction company's stock after selling 3,164 shares during the period. Global Retirement Partners LLC's holdings in AECOM were worth $179,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ACM. Principal Securities Inc. increased its holdings in AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after acquiring an additional 116 shares in the last quarter. Allworth Financial LP grew its holdings in AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after buying an additional 207 shares during the last quarter. Private Trust Co. NA acquired a new stake in AECOM during the 3rd quarter valued at $30,000. True Wealth Design LLC increased its position in AECOM by 4,242.9% during the third quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock worth $31,000 after buying an additional 297 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of AECOM in the fourth quarter worth $51,000. Hedge funds and other institutional investors own 85.41% of the company's stock.

AECOM Price Performance

Shares of ACM traded up $2.92 during trading hours on Friday, hitting $100.18. 1,907,948 shares of the company were exchanged, compared to its average volume of 1,051,314. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $13.29 billion, a PE ratio of 28.46, a PEG ratio of 1.63 and a beta of 1.19. The firm has a fifty day simple moving average of $105.38 and a 200-day simple moving average of $105.44. AECOM has a one year low of $82.23 and a one year high of $118.56.

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AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. As a group, sell-side analysts predict that AECOM will post 5.1 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group initiated coverage on shares of AECOM in a research note on Friday, November 22nd. They issued a "buy" rating and a $130.00 target price for the company. KeyCorp decreased 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. Barclays upped their target price on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Truist Financial raised their price target on AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Finally, Robert W. Baird dropped their price objective on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target 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.