OFI Invest Asset Management Acquires New Holdings in AECOM (NYSE:ACM)

OFI Invest Asset Management acquired a new stake in AECOM (NYSE:ACM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 15,984 shares of the construction company’s stock, valued at approximately $1,649,000.

Other hedge funds have also recently bought and sold shares of the company. Magnus Financial Group LLC lifted its position in AECOM by 93.5% in the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock valued at $519,000 after purchasing an additional 2,348 shares during the last quarter. JPMorgan Chase & Co. lifted its position in AECOM by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after purchasing an additional 220,035 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in AECOM by 5.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company’s stock valued at $26,714,000 after purchasing an additional 12,224 shares during the last quarter. TT International Asset Management LTD bought a new stake in AECOM in the 4th quarter valued at about $3,578,000. Finally, Park Avenue Securities LLC lifted its position in AECOM by 176.9% in the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock valued at $773,000 after purchasing an additional 4,625 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ACM. Barclays boosted their price target on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup dropped their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Truist Financial boosted their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Robert W. Baird dropped their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. Finally, 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 report on Wednesday, January 8th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $120.38.

AECOM Stock Performance

Shares of ACM opened at $97.02 on Monday. The firm’s 50 day moving average is $104.17 and its 200-day moving average is $105.48. The stock has a market capitalization of $12.87 billion, a P/E ratio of 27.56, a P/E/G ratio of 1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56.

AECOM (NYSE:ACM) last announced its quarterly earnings data 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%. Equities research analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) is currently 29.55%.

AECOM declared that its board has authorized a stock repurchase program on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors 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.