Longboard Asset Management LP Invests $206,000 in AECOM (NYSE:ACM)

Longboard Asset Management LP acquired a new position in AECOM (NYSE:ACM) in the fourth quarter, Holdings Channel.com reports. The firm acquired 1,931 shares of the construction company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in AECOM by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company’s stock valued at $233,918,000 after acquiring an additional 14,511 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in AECOM by 17.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock valued at $205,429,000 after acquiring an additional 289,513 shares during the period. JPMorgan Chase & Co. boosted its holdings in AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after acquiring an additional 220,035 shares during the period. Citigroup Inc. boosted its holdings in AECOM by 5.7% during the 3rd quarter. Citigroup Inc. now owns 585,174 shares of the construction company’s stock valued at $60,431,000 after acquiring an additional 31,299 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in AECOM during the 3rd quarter valued at about $42,201,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Stock Up 0.4 %

Shares of NYSE:ACM opened at $104.22 on Wednesday. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The firm has a market capitalization of $13.82 billion, a P/E ratio of 35.21, a P/E/G ratio of 1.80 and a beta of 1.19. The stock has a 50 day moving average price of $109.34 and a 200-day moving average price of $104.20. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13.

AECOM (NYSE:ACM) last announced its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 25.46% and a net margin of 2.50%. As a group, equities research analysts anticipate that AECOM will post 5.08 EPS for the current fiscal year.

AECOM declared that its board has authorized a share buyback plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

AECOM Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio (DPR) is 29.55%.

Analyst Ratings Changes

ACM has been the subject of several analyst reports. Robert W. Baird dropped their target price on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Citigroup dropped their price objective on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. KeyCorp dropped their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, 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 objective for the company. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has a consensus rating of “Buy” and a consensus target price of $118.50.

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.