Your Advocates Ltd. LLP Cuts Stake in AECOM (NYSE:ACM)

Your Advocates Ltd. LLP lowered its position in shares of AECOM (NYSE:ACM) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,112 shares of the construction company’s stock after selling 280 shares during the quarter. AECOM accounts for 0.2% of Your Advocates Ltd. LLP’s investment portfolio, making the stock its 20th largest holding. Your Advocates Ltd. LLP’s holdings in AECOM were worth $439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ACM. International Assets Investment Management LLC acquired a new position in shares of AECOM during the 3rd quarter worth $42,201,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of AECOM by 17.0% during the 3rd 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 purchasing an additional 289,513 shares during the period. National Bank of Canada FI grew its stake in shares of AECOM by 1,847.8% during the 3rd quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock worth $28,384,000 after purchasing an additional 260,746 shares during the period. JPMorgan Chase & Co. grew its stake in shares of AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after purchasing an additional 220,035 shares during the period. Finally, Verition Fund Management LLC grew its stake in shares of AECOM by 293.7% during the 3rd quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company’s stock worth $18,651,000 after purchasing an additional 134,730 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Trading Down 2.2 %

ACM opened at $97.49 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm’s 50 day moving average is $106.46 and its 200-day moving average is $105.34. The firm has a market capitalization of $12.93 billion, a P/E ratio of 27.70, a P/E/G ratio of 1.67 and a beta of 1.19. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM announced that its Board of Directors has initiated a share repurchase program on Monday, November 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ACM. Truist Financial increased their price objective 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. Citigroup lowered their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Barclays increased their price objective 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. Finally, KeyCorp reduced their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $120.38.

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.