Vontobel Holding Ltd. Decreases Position in AECOM (NYSE:ACM)

Vontobel Holding Ltd. decreased its stake in shares of AECOM (NYSE:ACM - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,898 shares of the construction company's stock after selling 3,119 shares during the period. Vontobel Holding Ltd. owned about 0.08% of AECOM worth $11,846,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Franklin Resources Inc. boosted its position in shares of AECOM by 1.5% during the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company's stock valued at $655,000 after buying an additional 91 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in AECOM by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company's stock worth $977,000 after purchasing an additional 103 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in AECOM by 1.4% in the fourth 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 last quarter. Avitas Wealth Management LLC boosted its position in AECOM by 0.6% in the fourth 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 last quarter. Finally, CIBC Asset Management Inc boosted its position in AECOM by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company's stock worth $408,000 after purchasing an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company's stock.

AECOM Stock Up 1.2 %

Shares of NYSE ACM traded up $1.16 during mid-day trading on Tuesday, hitting $101.57. 1,356,207 shares of the stock traded hands, compared to its average volume of 984,925. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.13 and a current ratio of 1.14. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The company has a market cap of $13.47 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 1.81 and a beta of 1.19. The stock has a fifty day moving average price of $107.44 and a 200-day moving average price of $105.14.

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, 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%. Research analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM announced that its board has approved 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 repurchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays upped their price target on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. The Goldman Sachs Group assumed coverage on AECOM in a research report on Friday, November 22nd. They set a "buy" rating and a $130.00 price target on the stock. Citigroup dropped their price target on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. StockNews.com raised AECOM from a "hold" rating to a "buy" rating in a research report on Sunday, October 27th. Finally, Truist Financial boosted their price objective on AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $120.38.

About AECOM

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.