Smartleaf Asset Management LLC Has $78,000 Position in AECOM (NYSE:ACM)

Smartleaf Asset Management LLC lifted its holdings in shares of AECOM (NYSE:ACM) by 24.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 731 shares of the construction company’s stock after buying an additional 143 shares during the period. Smartleaf Asset Management LLC’s holdings in AECOM were worth $78,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Franklin Resources Inc. raised its holdings in AECOM by 1.5% in the 3rd 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. increased its position 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 period. Wealth Enhancement Advisory Services LLC lifted its holdings 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 worth $809,000 after buying an additional 109 shares in the last quarter. Avitas Wealth Management LLC lifted its holdings in shares of AECOM by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock worth $2,023,000 after buying an additional 110 shares in the last quarter. Finally, Principal Securities Inc. boosted its position in shares of 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 acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Robert W. Baird cut their target price on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. KeyCorp cut their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Citigroup lowered their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Barclays raised their target price on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, The Goldman Sachs Group initiated coverage on AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target for the company. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $120.38.

AECOM Stock Up 0.3 %

Shares of NYSE:ACM opened at $97.02 on Monday. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The company has a market capitalization 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. 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 company has a fifty day moving average of $104.17 and a 200-day moving average of $105.48.

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

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 1.07%. AECOM’s dividend payout ratio is presently 29.55%.

AECOM declared that its board has initiated a stock buyback plan on Monday, November 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are 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.