OFI Invest Asset Management Acquires Shares of 15,984 AECOM (NYSE:ACM)

OFI Invest Asset Management acquired a new position in shares of AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,984 shares of the construction company's stock, valued at approximately $1,649,000.

A number of other hedge funds also recently made changes to their positions in the stock. Franklin Resources Inc. lifted its holdings in shares of AECOM by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company's stock worth $655,000 after acquiring an additional 91 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of AECOM by 1.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company's stock worth $977,000 after acquiring an additional 103 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in AECOM by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock worth $809,000 after purchasing an additional 109 shares during the period. Avitas Wealth Management LLC raised its position in AECOM by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock worth $2,023,000 after purchasing an additional 110 shares during the period. Finally, Principal Securities Inc. raised its position in AECOM by 95.9% in 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 during the period. 85.41% of the stock is owned by institutional investors.

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AECOM Stock Performance

ACM stock traded down $1.53 during midday trading on Thursday, reaching $93.08. 561,230 shares of the company's stock traded hands, compared to its average volume of 816,682. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The stock has a market cap of $12.35 billion, a P/E ratio of 26.44, a PEG ratio of 1.63 and a beta of 1.22. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock's 50-day moving average is $103.46 and its 200 day moving average is $105.38.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings data 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 anticipate that AECOM will post 5.1 EPS for the current year.

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

AECOM Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.12%. AECOM's dividend payout ratio (DPR) is presently 29.55%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ACM shares. Citigroup decreased their target price 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 target price on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research 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 research report on Friday, November 22nd. The Goldman Sachs Group assumed coverage on shares of AECOM in a research report on Friday, November 22nd. They issued a "buy" rating and a $130.00 target price on the stock. Finally, Barclays boosted their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM has an average rating of "Buy" and an average price target of $120.38.

AECOM Company 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.