480 Shares in AECOM (NYSE:ACM) Bought by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. bought a new position in shares of AECOM (NYSE:ACM) during the 4th quarter, HoldingsChannel reports. The firm bought 480 shares of the construction company’s stock, valued at approximately $51,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its stake in AECOM by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after buying an additional 91 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in AECOM by 1.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock worth $977,000 after buying an additional 103 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in AECOM by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock worth $809,000 after buying an additional 109 shares during the last quarter. Avitas Wealth Management LLC grew its stake in AECOM by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock valued at $2,023,000 after purchasing an additional 110 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in AECOM by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock valued at $408,000 after purchasing an additional 132 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACM has been the topic of several research analyst reports. Citigroup dropped their price target on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group initiated coverage on AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Barclays boosted their price target on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Robert W. Baird decreased their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM currently has a consensus rating of “Buy” and a consensus target price of $120.38.

AECOM Stock Performance

Shares of ACM stock opened at $107.99 on Tuesday. The stock has a market cap of $14.32 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The business has a 50-day simple moving average of $108.74 and a 200-day simple moving average of $104.57.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share 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%. On average, equities analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were issued a $0.26 dividend. This is a boost from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. AECOM’s dividend payout ratio is presently 29.55%.

AECOM declared that its board has authorized a share repurchase program on Monday, November 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

AECOM 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.