Proficio Capital Partners LLC acquired a new position in shares of AECOM (NYSE:ACM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 55,283 shares of the construction company's stock, valued at approximately $55,000.
Several other large investors also recently added to or reduced their stakes in ACM. Principal Securities Inc. raised its stake in shares of AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after acquiring an additional 116 shares during the period. 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 purchasing an additional 207 shares during the last quarter. Private Trust Co. NA purchased a new stake in AECOM in the 3rd quarter worth about $30,000. True Wealth Design LLC lifted its stake in AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock worth $31,000 after purchasing an additional 297 shares during the last quarter. Finally, National Pension Service purchased a new position in shares of AECOM during the fourth quarter valued at approximately $32,000. 85.41% of the stock is owned by institutional investors.
AECOM Stock Up 0.7 %
AECOM stock traded up $0.67 during midday trading on Monday, hitting $95.75. 1,132,766 shares of the company's stock were exchanged, compared to its average volume of 815,298. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $12.70 billion, a PE ratio of 27.20, a P/E/G ratio of 1.63 and a beta of 1.22. The firm has a 50-day moving average of $102.95 and a two-hundred day moving average of $105.32. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56.
AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping 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, analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.
AECOM Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.09%. AECOM's dividend payout ratio is presently 29.55%.
AECOM declared that its Board of Directors has initiated a share repurchase program on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
ACM has been the topic of several recent analyst reports. The Goldman Sachs Group started coverage on AECOM in a report on Friday, November 22nd. They issued a "buy" rating and a $130.00 price target on the stock. Citigroup reduced their target price on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Truist Financial boosted their target price on shares of AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Barclays upped their price target on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, 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. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $120.38.
Get Our Latest Research Report on AECOM
AECOM Company 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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