PNC Financial Services Group Inc. Acquires 737 Shares of AECOM (NYSE:ACM)

PNC Financial Services Group Inc. increased its holdings in shares of AECOM (NYSE:ACM) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,196 shares of the construction company’s stock after acquiring an additional 737 shares during the quarter. PNC Financial Services Group Inc.’s holdings in AECOM were worth $1,089,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Principal Securities Inc. grew its stake in AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock worth $25,000 after buying an additional 116 shares in the last quarter. Allworth Financial LP grew its stake in AECOM by 390.6% during the fourth 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. Private Trust Co. NA acquired a new stake in AECOM during the third quarter worth about $30,000. True Wealth Design LLC grew its stake in AECOM by 4,242.9% during the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after buying an additional 297 shares in the last quarter. Finally, National Pension Service acquired a new stake in AECOM during the fourth quarter worth about $32,000. 85.41% of the stock is owned by institutional investors.

AECOM Stock Up 2.2 %

NYSE:ACM opened at $95.19 on Monday. The firm’s 50 day simple moving average is $102.95 and its 200 day simple moving average is $105.32. 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 one year low of $82.23 and a one year high of $118.56. The company has a market cap of $12.63 billion, a PE ratio of 27.04, a P/E/G ratio of 1.63 and a beta of 1.22.

AECOM (NYSE:ACM) last released its quarterly earnings results 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%. On average, research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM declared that its board has initiated a stock repurchase program on Monday, November 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to reacquire 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 1.09%. AECOM’s payout ratio is 29.55%.

Analyst Upgrades and Downgrades

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

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.