WR Wealth Planners LLC Reduces Stock Position in AECOM (NYSE:ACM)

WR Wealth Planners LLC lessened its stake in shares of AECOM (NYSE:ACM) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,431 shares of the construction company’s stock after selling 647 shares during the quarter. WR Wealth Planners LLC’s holdings in AECOM were worth $580,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. boosted its holdings in shares of AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after acquiring an additional 116 shares during the last quarter. Allworth Financial LP boosted its holdings 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 acquiring an additional 207 shares during the last quarter. Private Trust Co. NA purchased a new position in shares of AECOM in the third quarter worth approximately $30,000. True Wealth Design LLC grew its position in AECOM by 4,242.9% during the third 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 period. Finally, National Pension Service purchased a new stake in AECOM during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. KeyCorp dropped their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Truist Financial lifted their target price on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Barclays upped their price target on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup lowered their price objective on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group started coverage on shares of AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 target price for the company. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $120.38.

AECOM Price Performance

Shares of AECOM stock opened at $100.18 on Friday. The stock’s 50-day simple moving average is $105.54 and its 200-day simple moving average is $105.33. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 1.63 and a beta of 1.19. 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 announced its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS 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, analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.

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