Metis Global Partners LLC Boosts Stock Position in AECOM (NYSE:ACM)

Metis Global Partners LLC lifted its stake in AECOM (NYSE:ACM) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,033 shares of the construction company’s stock after purchasing an additional 497 shares during the quarter. Metis Global Partners LLC’s holdings in AECOM were worth $2,354,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Principal Securities Inc. increased its stake in shares of AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock worth $25,000 after acquiring an additional 116 shares during the last quarter. Allworth Financial LP grew its holdings in shares of AECOM by 390.6% in the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after purchasing an additional 207 shares during the period. Private Trust Co. NA acquired a new stake in AECOM during the third quarter worth about $30,000. National Pension Service purchased a new position in AECOM during the fourth quarter worth about $32,000. Finally, True Wealth Design LLC boosted its holdings in AECOM by 4,242.9% in the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after purchasing an additional 297 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

ACM has been the subject of a number of recent analyst reports. Truist Financial raised their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. KeyCorp reduced their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Barclays upped their price target on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. 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. Finally, The Goldman Sachs Group assumed 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. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $120.38.

AECOM Trading Up 3.0 %

Shares of NYSE ACM opened at $100.18 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $13.29 billion, a PE ratio of 28.46, a PEG ratio of 1.63 and a beta of 1.19. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The stock has a fifty day simple moving average of $105.38 and a 200-day simple moving average of $105.44.

AECOM (NYSE:ACM) last released its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM announced that its Board of Directors has authorized a stock repurchase program on Monday, November 18th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 6.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership 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.