Y Intercept Hong Kong Ltd Takes $572,000 Position in AECOM (NYSE:ACM)

Y Intercept Hong Kong Ltd bought a new stake in AECOM (NYSE:ACM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,354 shares of the construction company’s stock, valued at approximately $572,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. grew its holdings 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 during the last quarter. Allworth Financial LP grew its holdings 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 during the last quarter. Private Trust Co. NA bought a new stake in shares of AECOM during the 3rd quarter valued at approximately $30,000. True Wealth Design LLC grew its holdings 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 purchasing an additional 297 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of AECOM during the 4th quarter valued at approximately $51,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ACM. Robert W. Baird decreased their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Barclays boosted their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. The Goldman Sachs Group initiated coverage on shares of AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 target price on the stock. Truist Financial boosted their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, KeyCorp reduced their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $120.38.

AECOM Trading Up 3.0 %

NYSE:ACM opened at $100.18 on Friday. The firm’s fifty day moving average is $105.38 and its 200-day moving average is $105.36. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The firm has a market cap of $13.29 billion, a P/E ratio of 28.46, a P/E/G ratio of 1.63 and a beta of 1.19.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating 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%. Equities analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM declared that its Board of Directors has initiated a stock buyback 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 purchase up to 6.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are 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.