AECOM (NYSE:ACM) Stock Position Increased by Andra AP fonden

Andra AP fonden increased its position in AECOM (NYSE:ACM) by 356.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,900 shares of the construction company’s stock after buying an additional 37,400 shares during the quarter. Andra AP fonden’s holdings in AECOM were worth $5,117,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ACM. US Bancorp DE raised its position in AECOM by 4.4% in the third quarter. US Bancorp DE now owns 7,301 shares of the construction company’s stock worth $754,000 after acquiring an additional 310 shares in the last quarter. Stephens Inc. AR acquired a new position in shares of AECOM in the 3rd quarter worth approximately $238,000. Farther Finance Advisors LLC raised its holdings in shares of AECOM by 54.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 853 shares of the construction company’s stock worth $88,000 after purchasing an additional 302 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in AECOM during the third quarter valued at approximately $204,000. Finally, Capital Performance Advisors LLP bought a new stake in AECOM during the third quarter worth approximately $88,000. Institutional investors own 85.41% of the company’s stock.

AECOM Trading Up 0.3 %

NYSE:ACM opened at $97.02 on Friday. The stock has a market cap of $12.87 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50-day moving average is $104.17 and its two-hundred day moving average is $105.42.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. As a group, equities research analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

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

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) is presently 29.55%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Citigroup dropped their price target on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Barclays boosted their target price on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. The Goldman Sachs Group started coverage on AECOM in a research report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target for the company. Robert W. Baird cut their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Finally, Truist Financial upped their price objective 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 MarketBeat.com, AECOM presently has a consensus 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.