National Pension Service Takes $32,000 Position in AECOM (NYSE:ACM)

National Pension Service bought a new position in AECOM (NYSE:ACM) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 300 shares of the construction company’s stock, valued at approximately $32,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Principal Securities Inc. lifted its holdings in shares of AECOM by 95.9% in the fourth 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 raised its position in AECOM by 390.6% in the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after buying an additional 207 shares during the last quarter. Private Trust Co. NA bought a new position in AECOM during the 3rd quarter valued at $30,000. True Wealth Design LLC boosted its holdings in AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after acquiring an additional 297 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of AECOM in the 4th quarter worth $51,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ACM shares. Truist Financial raised their price target on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Robert W. Baird cut their target price on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Barclays upped their target price on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. The Goldman Sachs Group began coverage on AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 target price for the company. Finally, KeyCorp reduced their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM currently has an average rating of “Buy” and a consensus target price of $120.38.

AECOM Price Performance

Shares of NYSE ACM opened at $100.18 on Friday. The stock has a fifty day simple moving average of $105.38 and a two-hundred day simple moving average of $105.36. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. The company has a current ratio of 1.14, a quick 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 earnings per share 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%. Analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM announced that its board has initiated a stock repurchase program 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 stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors 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.