ING Groep NV Purchases 30,400 Shares of AECOM (NYSE:ACM)

ING Groep NV boosted its position in AECOM (NYSE:ACM) by 112.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,400 shares of the construction company’s stock after acquiring an additional 30,400 shares during the period. ING Groep NV’s holdings in AECOM were worth $6,131,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ACM. Franklin Resources Inc. lifted its stake in AECOM by 1.5% in the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock valued at $655,000 after buying an additional 91 shares during the period. PNC Financial Services Group Inc. lifted its stake in AECOM by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock valued at $977,000 after buying an additional 103 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in AECOM by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after buying an additional 109 shares during the period. Avitas Wealth Management LLC lifted its stake in AECOM by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock valued at $2,023,000 after buying an additional 110 shares during the period. Finally, Principal Securities Inc. lifted its stake in 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 period. Institutional investors own 85.41% of the company’s stock.

Wall Street Analyst Weigh In

ACM has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. KeyCorp dropped their price target on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Barclays lifted their target price on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Citigroup decreased their price target on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has a consensus rating of “Buy” and an average price target of $120.38.

AECOM Stock Performance

Shares of NYSE ACM opened at $97.49 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The stock has a 50 day moving average of $106.46 and a 200-day moving average of $105.24. The company has a market capitalization of $12.93 billion, a P/E ratio of 27.70, a P/E/G ratio of 1.69 and a beta of 1.19.

AECOM (NYSE:ACM) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping 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 research analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM announced that its board has authorized a stock buyback program on Monday, November 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to purchase up to 6.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

AECOM Company 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.