Atria Wealth Solutions Inc. Makes New Investment in AECOM (NYSE:ACM)

Atria Wealth Solutions Inc. bought a new position in AECOM (NYSE:ACM) in the 4th quarter, Holdings Channel.com reports. The firm bought 2,032 shares of the construction company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC raised its holdings in AECOM by 407.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,619 shares of the construction company’s stock worth $173,000 after purchasing an additional 1,300 shares in the last quarter. Truist Financial Corp increased its position in AECOM by 28.7% during the 4th quarter. Truist Financial Corp now owns 9,851 shares of the construction company’s stock worth $1,052,000 after purchasing an additional 2,194 shares during the period. CIBC Asset Management Inc raised its stake in shares of AECOM by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 4,161 shares of the construction company’s stock worth $444,000 after buying an additional 212 shares in the last quarter. Allworth Financial LP raised its stake in shares of AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after buying an additional 207 shares in the last quarter. Finally, Principal Securities Inc. lifted its holdings in shares of AECOM by 95.9% in 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 during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on ACM shares. Citigroup dropped their price objective on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. KeyCorp lowered their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Truist Financial increased their price target on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Robert W. Baird decreased their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Finally, Barclays increased their target price on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $120.38.

AECOM Trading Up 3.0 %

Shares of ACM opened at $100.18 on Friday. 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 1-year low of $82.23 and a 1-year high of $118.56. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. The firm has a 50 day simple moving average of $105.38 and a 200-day simple moving average of $105.36.

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

AECOM declared that its board has initiated a share buyback 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 purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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.