Great Lakes Retirement Inc. Raises Stock Holdings in AECOM (NYSE:ACM)

Great Lakes Retirement Inc. boosted its stake in shares of AECOM (NYSE:ACM) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,520 shares of the construction company’s stock after buying an additional 442 shares during the quarter. Great Lakes Retirement Inc.’s holdings in AECOM were worth $1,444,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACM. Private Trust Co. NA purchased a new stake in AECOM in the third quarter worth $30,000. True Wealth Design LLC lifted its stake in shares of AECOM by 4,242.9% during the 3rd 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 in the last quarter. UMB Bank n.a. lifted its position in shares of AECOM by 196.2% during the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after acquiring an additional 257 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of AECOM in the fourth quarter valued at $51,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in AECOM during the 3rd quarter worth about $59,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACM has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 target price for the company. KeyCorp lowered their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Robert W. Baird reduced their price objective on 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 target price on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Barclays raised 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. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $120.38.

AECOM Trading Down 1.4 %

NYSE ACM opened at $106.49 on Wednesday. The stock’s 50 day moving average is $108.58 and its 200 day moving average is $104.70. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $14.12 billion, a PE ratio of 30.25, a P/E/G ratio of 1.81 and a beta of 1.19. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56.

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

AECOM declared that its Board of Directors has initiated a share buyback plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were given a $0.26 dividend. This is a boost from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, January 2nd. AECOM’s payout ratio is currently 29.55%.

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.