Global Retirement Partners LLC Has $179,000 Position in AECOM (NYSE:ACM)

Global Retirement Partners LLC lowered its holdings in AECOM (NYSE:ACM) by 65.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,673 shares of the construction company’s stock after selling 3,164 shares during the quarter. Global Retirement Partners LLC’s holdings in AECOM were worth $179,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. lifted its stake in shares of AECOM by 1.5% during the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock valued at $655,000 after acquiring an additional 91 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of AECOM by 1.1% during the third quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock valued at $977,000 after acquiring an additional 103 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of AECOM by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after acquiring an additional 109 shares during the period. Avitas Wealth Management LLC lifted its stake in AECOM by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock valued at $2,023,000 after buying an additional 110 shares during the period. Finally, Principal Securities Inc. lifted its stake in AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Up 0.9 %

Shares of AECOM stock opened at $98.44 on Thursday. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The business has a 50-day moving average of $105.90 and a two-hundred day moving average of $105.43. The company has a market capitalization of $13.06 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that AECOM will post 5.1 EPS for the current year.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ACM. KeyCorp cut their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird cut their target price on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Barclays increased their target price on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Citigroup cut their target price on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group began coverage on AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 target price on the stock. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average 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.