Globeflex Capital L P Acquires Shares of 1,327 AECOM (NYSE:ACM)

Globeflex Capital L P acquired a new stake in AECOM (NYSE:ACM) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,327 shares of the construction company’s stock, valued at approximately $142,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in AECOM by 17.0% in 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 buying an additional 289,513 shares during the last quarter. National Bank of Canada FI boosted its position in AECOM by 1,847.8% in the 3rd quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock valued at $28,384,000 after buying an additional 260,746 shares during the last quarter. JPMorgan Chase & Co. boosted its position in AECOM by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after buying an additional 220,035 shares during the last quarter. Verition Fund Management LLC boosted its position in AECOM by 293.7% in the 3rd quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company’s stock valued at $18,651,000 after buying an additional 134,730 shares during the last quarter. Finally, Flputnam Investment Management Co. boosted its position in AECOM by 88.8% in the 4th quarter. Flputnam Investment Management Co. now owns 272,888 shares of the construction company’s stock valued at $29,150,000 after buying an additional 128,346 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Price Performance

ACM opened at $95.19 on Friday. The company’s 50-day moving average price is $102.95 and its 200 day moving average price is $105.29. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of 27.04, 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) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating 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, sell-side analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM announced that its Board of Directors has approved a stock repurchase plan on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

AECOM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be paid a $0.26 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.09%. AECOM’s payout ratio is currently 29.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Citigroup reduced their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Truist Financial increased their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. The Goldman Sachs Group assumed coverage on shares of AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. Robert W. Baird reduced their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. Finally, Barclays increased their price target on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM presently has an average rating of “Buy” and an average target price of $120.38.

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.