AlphaQuest LLC Has $3.53 Million Position in AECOM (NYSE:ACM)

AlphaQuest LLC raised its position in AECOM (NYSE:ACM) by 401.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,047 shares of the construction company’s stock after purchasing an additional 26,462 shares during the period. AECOM accounts for 0.5% of AlphaQuest LLC’s investment portfolio, making the stock its 2nd biggest position. AlphaQuest LLC’s holdings in AECOM were worth $3,530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ACM. Principal Securities Inc. raised its position in shares of AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after buying an additional 116 shares in the last quarter. Allworth Financial LP raised its position in shares of AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after buying an additional 207 shares in the last quarter. Private Trust Co. NA purchased a new stake in shares of AECOM during the 3rd quarter valued at $30,000. True Wealth Design LLC raised its position in shares of AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after buying an additional 297 shares in the last quarter. Finally, National Pension Service purchased a new stake in shares of AECOM during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays raised their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. The Goldman Sachs Group started coverage on shares of AECOM in a research report on Friday, November 22nd. They issued a “buy” rating and a $130.00 target price on the stock. Truist Financial lifted their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Citigroup decreased their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Robert W. Baird decreased their target price on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $120.38.

AECOM Price Performance

ACM stock opened at $97.02 on Friday. The firm’s 50-day moving average price is $104.17 and its two-hundred day moving average price is $105.42. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 1.63 and a beta of 1.22. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts predict that AECOM will post 5.1 earnings per share for the current year.

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

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s payout ratio is 29.55%.

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.