Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in AECOM (NYSE:ACM - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,023 shares of the construction company's stock after purchasing an additional 3,075 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of AECOM worth $8,228,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in ACM. 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 last quarter. Allworth Financial LP raised its holdings in 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 during the last quarter. Private Trust Co. NA acquired a new position in AECOM during the 3rd quarter valued at about $30,000. True Wealth Design LLC lifted its position in AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock valued at $31,000 after purchasing an additional 297 shares during the period. Finally, National Pension Service bought a new position in shares of AECOM in the 4th quarter valued at about $32,000. Institutional investors own 85.41% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. The Goldman Sachs Group began coverage on AECOM in a report on Friday, November 22nd. They issued a "buy" rating and a $130.00 price objective for the company. Citigroup dropped their price objective on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. KeyCorp cut 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 increased their target price on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Truist Financial lifted their price target 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. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $120.38.
Read Our Latest Stock Report on ACM
AECOM Stock Up 0.7 %
Shares of ACM stock traded up $0.67 during trading on Monday, reaching $95.75. The company's stock had a trading volume of 1,132,766 shares, compared to its average volume of 815,298. AECOM has a one year low of $82.23 and a one year high of $118.56. The business has a fifty day moving average price of $102.95 and a 200-day moving average price of $105.32. The company has a market cap of $12.70 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.
AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 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%. Analysts anticipate that AECOM will post 5.1 earnings per share for the current year.
AECOM declared that its board has approved a share repurchase program on Monday, November 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.
AECOM Dividend Announcement
The business 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 dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Wednesday, April 2nd. AECOM's dividend payout ratio is currently 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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