AlphaQuest LLC Increases Position in AECOM (NYSE:ACM)

AlphaQuest LLC grew its stake in shares of AECOM (NYSE:ACM) by 401.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,047 shares of the construction company’s stock after purchasing an additional 26,462 shares during the period. AECOM makes up 0.5% of AlphaQuest LLC’s investment portfolio, making the stock its 2nd largest holding. AlphaQuest LLC’s holdings in AECOM were worth $3,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Principal Securities Inc. boosted its stake 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 purchasing an additional 116 shares in the last quarter. Allworth Financial LP boosted its stake 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 purchasing an additional 207 shares in the last quarter. Private Trust Co. NA bought a new stake in shares of AECOM during the 3rd quarter valued at about $30,000. National Pension Service bought a new stake in AECOM during the fourth quarter worth about $32,000. Finally, True Wealth Design LLC boosted its stake in 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 acquiring an additional 297 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

AECOM Stock Up 0.3 %

Shares of AECOM stock opened at $97.02 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $12.87 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The company has a 50-day simple moving average of $104.17 and a two-hundred day simple moving average of $105.42.

AECOM (NYSE:ACM) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. On average, analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM declared that its board has authorized a stock repurchase plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. AECOM’s payout ratio is 29.55%.

Analyst Ratings Changes

Several research firms recently commented on ACM. The Goldman Sachs Group began coverage on shares of AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective on the stock. Robert W. Baird dropped their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Truist Financial boosted their price objective on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Citigroup dropped 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. Finally, KeyCorp dropped their price objective 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. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average 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.