Impax Asset Management Group plc Has $164.20 Million Stake in AECOM (NYSE:ACM)

Impax Asset Management Group plc lowered its holdings in AECOM (NYSE:ACM) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,537,176 shares of the construction company’s stock after selling 191,198 shares during the quarter. Impax Asset Management Group plc owned about 1.16% of AECOM worth $164,201,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Principal Securities Inc. raised its holdings in shares of AECOM by 95.9% in the fourth 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 last quarter. Allworth Financial LP raised its stake in shares of AECOM by 390.6% in the fourth 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 position in shares of AECOM in the third quarter worth about $30,000. True Wealth Design LLC lifted its position in shares of 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 purchasing an additional 297 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of AECOM during the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Price Performance

AECOM stock opened at $97.49 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 firm has a market capitalization of $12.93 billion, a P/E ratio of 27.70, a PEG ratio of 1.67 and a beta of 1.19. The business has a 50-day moving average of $106.46 and a 200-day moving average of $105.44. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56.

AECOM (NYSE:ACM) last issued its quarterly earnings data 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 net margin of 2.93% and a return on equity of 26.84%. On average, equities analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM announced that its Board of Directors has approved a stock 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 buy up to 6.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ACM shares. 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 price objective for the company. Citigroup dropped their target price on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. KeyCorp decreased their price target on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird dropped their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Finally, 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 report on Friday, November 22nd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target 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.