Trust Point Inc. Buys 1,211 Shares of AECOM (NYSE:ACM)

Trust Point Inc. lifted its stake in shares of AECOM (NYSE:ACM) by 62.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,154 shares of the construction company’s stock after acquiring an additional 1,211 shares during the quarter. Trust Point Inc.’s holdings in AECOM were worth $337,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Franklin Resources Inc. grew its stake in shares of AECOM by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock valued at $655,000 after acquiring an additional 91 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of AECOM by 1.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock valued at $977,000 after acquiring an additional 103 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of AECOM by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after acquiring an additional 109 shares during the period. CIBC Asset Management Inc grew its stake in shares of AECOM by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock valued at $408,000 after acquiring an additional 132 shares during the period. Finally, Ballentine Partners LLC grew its stake in shares of AECOM by 3.6% during the 4th quarter. Ballentine Partners LLC now owns 4,137 shares of the construction company’s stock valued at $442,000 after acquiring an additional 145 shares during the period. 85.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Robert W. Baird lowered their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday. Truist Financial boosted their price target on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Citigroup lowered their price target on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. The Goldman Sachs Group assumed coverage on AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target on the stock. Finally, StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has a consensus rating of “Buy” and an average target price of $118.50.

AECOM Stock Up 0.9 %

Shares of ACM opened at $105.07 on Thursday. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 35.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The business’s 50 day simple moving average is $109.11 and its 200-day simple moving average is $104.20. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13.

AECOM (NYSE:ACM) last issued 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 return on equity of 25.46% and a net margin of 2.50%. As a group, equities analysts expect that AECOM will post 5.08 earnings per share for the current fiscal year.

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.99%. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is currently 35.14%.

AECOM declared that its board has authorized a stock buyback plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board 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.