Inceptionr LLC decreased its holdings in AECOM (NYSE:ACM - Free Report) by 20.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,802 shares of the construction company's stock after selling 2,808 shares during the quarter. Inceptionr LLC's holdings in AECOM were worth $1,154,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in ACM. Principal Securities Inc. increased its position in shares of AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after purchasing an additional 116 shares in the last quarter. Allworth Financial LP increased its position in shares of AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock worth $29,000 after purchasing an additional 207 shares in the last quarter. Private Trust Co. NA acquired a new stake in shares of AECOM during the 3rd quarter worth about $30,000. True Wealth Design LLC increased its position in shares of AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock worth $31,000 after purchasing an additional 297 shares in the last quarter. Finally, National Pension Service acquired a new stake in shares of AECOM during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 85.41% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on ACM shares. Robert W. Baird dropped their target price on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group started 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. Citigroup dropped their target price on shares of AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Truist Financial raised their price objective on shares of AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Finally, KeyCorp lowered their price objective on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $120.38.
Get Our Latest Stock Analysis on ACM
AECOM Trading Up 0.3 %
Shares of NYSE ACM traded up $0.29 during mid-day trading on Friday, hitting $97.02. The company's stock had a trading volume of 965,740 shares, compared to its average volume of 812,985. The stock has a market cap of $12.87 billion, a price-to-earnings ratio of 27.56, 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 has a one year low of $82.23 and a one year high of $118.56. The company's fifty day simple moving average is $104.17 and its 200-day simple moving average is $105.36.
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, 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%. On average, sell-side analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.
AECOM declared that its board has authorized a stock 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 shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.
AECOM Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is presently 29.55%.
AECOM Company Profile
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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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