AECOM (NYSE:ACM) Position Boosted by AGF Management Ltd.

AGF Management Ltd. raised its position in shares of AECOM (NYSE:ACM) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 871,893 shares of the construction company’s stock after purchasing an additional 5,660 shares during the quarter. AGF Management Ltd. owned about 0.66% of AECOM worth $93,136,000 as of its most recent SEC filing.

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

AECOM Price Performance

Shares of NYSE ACM opened at $96.01 on Tuesday. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 1.63 and a beta of 1.22. The business has a 50-day moving average of $103.95 and a 200-day moving average of $105.48. 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 has a fifty-two week low of $82.23 and a fifty-two week high of $118.56.

AECOM (NYSE:ACM) last issued its quarterly earnings data 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 net margin of 2.93% and a return on equity of 26.84%. As a group, sell-side analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM declared that its Board of Directors has approved a stock repurchase plan 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 plans are usually an indication that the company’s board of directors believes its shares are undervalued.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be given a $0.26 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.08%. AECOM’s payout ratio is 29.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ACM. Robert W. Baird cut their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Citigroup reduced their target price on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. KeyCorp reduced their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group began coverage on AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective for the company. Finally, Truist Financial lifted their price objective on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM has an average rating of “Buy” and a consensus price target 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.