AECOM (NYSE:ACM) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its stake in shares of AECOM (NYSE:ACM) by 821.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 645 shares of the construction company’s stock after purchasing an additional 575 shares during the period. Jones Financial Companies Lllp’s holdings in AECOM were worth $69,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in AECOM by 17.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock worth $205,429,000 after buying an additional 289,513 shares during the period. National Bank of Canada FI grew its stake in AECOM by 1,847.8% during the third quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock worth $28,384,000 after buying an additional 260,746 shares during the period. JPMorgan Chase & Co. grew its stake in AECOM by 40.1% during the third 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 period. Verition Fund Management LLC grew its stake in AECOM by 293.7% during the third quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company’s stock worth $18,651,000 after buying an additional 134,730 shares during the period. Finally, Flputnam Investment Management Co. grew its stake in AECOM by 88.8% during the fourth quarter. Flputnam Investment Management Co. now owns 272,888 shares of the construction company’s stock worth $29,150,000 after buying an additional 128,346 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.

Wall Street Analyst Weigh In

ACM has been the subject of several research reports. The Goldman Sachs Group initiated coverage on shares of AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective for the company. Robert W. Baird decreased their target price on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Citigroup decreased their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Truist Financial upped their target price on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Barclays upped their target price 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. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM currently has an average rating of “Buy” and a consensus price target of $120.38.

AECOM Trading Up 0.7 %

NYSE ACM opened at $95.75 on Tuesday. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company’s fifty day moving average price is $102.72 and its two-hundred day moving average price is $105.30.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 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, research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced 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 is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.09%. AECOM’s dividend payout ratio (DPR) is 29.55%.

AECOM announced that its Board of Directors has authorized a share buyback 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 repurchase up to 6.8% of its shares through open market purchases. Shares buyback programs are usually a sign 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.