Buckingham Capital Management Inc. Buys 171 Shares of AECOM (NYSE:ACM)

Buckingham Capital Management Inc. grew its stake in AECOM (NYSE:ACM) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,097 shares of the construction company’s stock after purchasing an additional 171 shares during the period. AECOM makes up about 1.2% of Buckingham Capital Management Inc.’s portfolio, making the stock its 28th biggest position. Buckingham Capital Management Inc. owned about 0.07% of AECOM worth $10,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Securities Inc. lifted its stake in shares of AECOM by 95.9% during 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 lifted 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 acquiring an additional 207 shares during the last quarter. Private Trust Co. NA bought a new stake in shares of AECOM during the 3rd quarter worth approximately $30,000. True Wealth Design LLC lifted its stake 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 worth $31,000 after acquiring an additional 297 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of AECOM during the 4th quarter worth approximately $51,000. 85.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ACM shares. Robert W. Baird decreased their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. The Goldman Sachs Group initiated coverage on AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 price target for the company. Truist Financial raised their price objective on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. KeyCorp reduced their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays raised their price objective on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $120.38.

AECOM Trading Down 1.8 %

Shares of NYSE:ACM opened at $100.34 on Tuesday. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The business’s fifty day simple moving average is $107.44 and its 200-day simple moving average is $105.14. The company has a market capitalization of $13.31 billion, a PE ratio of 28.51, a P/E/G ratio of 1.81 and a beta of 1.19. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last announced its quarterly earnings results 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 return on equity of 26.84% and a net margin of 2.93%. As a group, equities research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

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