AECOM (NYSE:ACM) Shares Sold by Your Advocates Ltd. LLP

Your Advocates Ltd. LLP lessened its position in shares of AECOM (NYSE:ACM) by 6.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,112 shares of the construction company’s stock after selling 280 shares during the period. AECOM comprises 0.2% of Your Advocates Ltd. LLP’s investment portfolio, making the stock its 20th biggest holding. Your Advocates Ltd. LLP’s holdings in AECOM were worth $439,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Magnus Financial Group LLC grew its holdings in AECOM by 93.5% during the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock worth $519,000 after acquiring an additional 2,348 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after buying an additional 220,035 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of AECOM by 5.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company’s stock worth $26,714,000 after buying an additional 12,224 shares during the last quarter. TT International Asset Management LTD purchased a new stake in shares of AECOM during the 4th quarter worth approximately $3,578,000. Finally, Park Avenue Securities LLC lifted its position in shares of AECOM by 176.9% during the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock worth $773,000 after buying an additional 4,625 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Barclays boosted their price objective 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. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. 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 objective for the company. Finally, Citigroup reduced 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. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $120.38.

AECOM Stock Down 2.2 %

ACM stock opened at $97.49 on Friday. The company has a fifty day moving average price of $106.46 and a 200 day moving average price of $105.34. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The company has a market cap of $12.93 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 1.67 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 released 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%. Sell-side analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM declared that its Board of Directors has approved 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 buy up to 6.8% of its stock through open market purchases. Stock buyback programs are generally an indication 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.