Allworth Financial LP Acquires 207 Shares of AECOM (NYSE:ACM)

Allworth Financial LP raised its holdings in AECOM (NYSE:ACM) by 390.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 260 shares of the construction company’s stock after acquiring an additional 207 shares during the period. Allworth Financial LP’s holdings in AECOM were worth $29,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates grew its holdings 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 worth $3,844,000 after purchasing an additional 490 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of AECOM during the third quarter worth about $215,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of AECOM in the third quarter worth approximately $59,000. Forsta AP Fonden lifted its stake in shares of AECOM by 16.6% in the third quarter. Forsta AP Fonden now owns 26,000 shares of the construction company’s stock worth $2,685,000 after acquiring an additional 3,700 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of AECOM by 131.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,721 shares of the construction company’s stock worth $797,000 after acquiring an additional 4,383 shares during the period. Institutional investors own 85.41% of the company’s stock.

Analyst Ratings Changes

ACM has been the topic of a number of recent analyst reports. 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 research note on Tuesday, February 4th. Truist Financial lifted their price objective on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Barclays lifted their price objective on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group initiated coverage on AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective on the stock. Finally, KeyCorp cut their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has an average rating of “Buy” and an average price target of $120.38.

AECOM Price Performance

Shares of ACM opened at $98.44 on Thursday. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50 day moving average price is $105.90 and its two-hundred day moving average price is $105.43. The firm has a market cap of $13.06 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 anticipate that AECOM will post 5.1 EPS for the current year.

AECOM announced that its board has approved a stock buyback plan on Monday, November 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to buy up to 6.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.