Flputnam Investment Management Co. Boosts Holdings in AECOM (NYSE:ACM)

Flputnam Investment Management Co. boosted its position in shares of AECOM (NYSE:ACM) by 88.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 272,888 shares of the construction company’s stock after purchasing an additional 128,346 shares during the quarter. Flputnam Investment Management Co. owned about 0.21% of AECOM worth $29,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ACM. Raymond James & Associates increased its position in shares of AECOM by 1.3% during the third quarter. Raymond James & Associates now owns 37,221 shares of the construction company’s stock valued at $3,844,000 after acquiring an additional 490 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in AECOM during the 3rd quarter valued at $59,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of AECOM by 131.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,721 shares of the construction company’s stock worth $797,000 after purchasing an additional 4,383 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of AECOM by 5.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 15,573 shares of the construction company’s stock worth $1,608,000 after purchasing an additional 810 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of AECOM by 4.8% during the third quarter. First Trust Direct Indexing L.P. now owns 3,936 shares of the construction company’s stock valued at $406,000 after purchasing an additional 182 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ACM has been the subject of a number of recent analyst reports. Citigroup decreased their target price on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. KeyCorp lowered their price objective 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. Robert W. Baird dropped their target price on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. 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. Finally, Barclays raised their price target on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $120.38.

AECOM Stock Up 3.0 %

ACM opened at $100.18 on Friday. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The firm’s 50 day simple moving average is $105.54 and its two-hundred day simple moving average is $105.33. 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 company has a market capitalization of $13.29 billion, a PE ratio of 28.46, a PEG ratio of 1.63 and a beta of 1.19.

AECOM (NYSE:ACM) last announced its earnings results 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 return on equity of 26.84% and a net margin of 2.93%. As a group, equities analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM announced that its board has initiated a stock buyback program on Monday, November 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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.