Glenview Trust co Invests $778,000 in AECOM (NYSE:ACM)

Glenview Trust co acquired a new position in shares of AECOM (NYSE:ACM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,281 shares of the construction company’s stock, valued at approximately $778,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in AECOM by 17.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock worth $205,429,000 after purchasing an additional 289,513 shares during the period. National Bank of Canada FI lifted its position in AECOM by 1,847.8% in the third quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock worth $28,384,000 after purchasing an additional 260,746 shares during the period. JPMorgan Chase & Co. lifted its position in AECOM by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after purchasing an additional 220,035 shares during the period. Verition Fund Management LLC increased its holdings in shares of AECOM by 293.7% in the third quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company’s stock valued at $18,651,000 after buying an additional 134,730 shares in the last quarter. Finally, Flputnam Investment Management Co. increased its holdings in shares of AECOM by 88.8% in the fourth quarter. Flputnam Investment Management Co. now owns 272,888 shares of the construction company’s stock valued at $29,150,000 after buying an additional 128,346 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. 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. KeyCorp dropped their price target on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Citigroup dropped 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. Truist Financial upped their price target on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Barclays increased 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. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has an average rating of “Buy” and a consensus target price of $120.38.

AECOM Trading Up 0.7 %

AECOM stock opened at $95.75 on Tuesday. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.63 and a beta of 1.22. The company’s fifty day moving average price is $102.72 and its two-hundred day moving average price is $105.30. AECOM has a one year low of $82.23 and a one year high of $118.56. 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 (NYSE:ACM) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) 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%. On average, analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The firm also recently declared 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 1.09%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio is currently 29.55%.

AECOM announced that its Board of Directors has initiated a stock buyback plan on Monday, November 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are typically 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.