5,392 Shares in AECOM (NYSE:ACM) Bought by Haven Private LLC

Haven Private LLC purchased a new position in shares of AECOM (NYSE:ACM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,392 shares of the construction company’s stock, valued at approximately $576,000.

Several other institutional investors have also bought and sold shares of ACM. Principal Securities Inc. grew its holdings 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 lifted its position in shares of AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after buying an additional 207 shares during the last quarter. Private Trust Co. NA purchased a new position in shares of AECOM during the 3rd quarter valued at $30,000. True Wealth Design LLC lifted its position 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 valued at $31,000 after buying an additional 297 shares during the last quarter. Finally, National Pension Service purchased a new position in shares of AECOM during the 4th quarter valued at $32,000. Institutional investors own 85.41% of the company’s stock.

Analyst Ratings Changes

ACM has been the topic of a number of recent research reports. Robert W. Baird dropped their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. The Goldman Sachs Group started coverage on AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective on the stock. KeyCorp dropped 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. 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. Finally, Truist Financial increased 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. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $120.38.

AECOM Stock Performance

NYSE:ACM opened at $96.59 on Friday. The business’s 50-day moving average price is $104.39 and its two-hundred day moving average price is $105.37. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The stock has a market cap of $12.81 billion, a P/E ratio of 27.44, a PEG ratio of 1.63 and a beta of 1.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

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, beating 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%. As a group, equities analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.08%. AECOM’s payout ratio is 29.55%.

AECOM declared that its board has approved a stock repurchase 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 purchase 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 stock is 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.