AECOM (NYSE:ACM) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in shares of AECOM (NYSE:ACM) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 370,708 shares of the construction company’s stock after selling 1,858 shares during the quarter. Rhumbline Advisers owned 0.28% of AECOM worth $39,599,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACM. Private Trust Co. NA purchased a new stake in shares of AECOM in the third quarter valued at about $30,000. True Wealth Design LLC increased its position 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 purchasing an additional 297 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in shares of AECOM during the 4th quarter worth approximately $51,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of AECOM in the 3rd quarter valued at approximately $59,000. Finally, UMB Bank n.a. boosted its stake in shares of AECOM by 82.5% in the fourth quarter. UMB Bank n.a. now owns 708 shares of the construction company’s stock valued at $76,000 after buying an additional 320 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Robert W. Baird cut their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Citigroup reduced their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Barclays upped their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. The Goldman Sachs Group began coverage on AECOM in a research report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target for the company. Finally, Truist Financial boosted their price objective on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $120.38.

AECOM Trading Down 1.8 %

Shares of ACM opened at $100.34 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.13 and a current ratio of 1.14. The stock has a 50-day moving average price of $107.44 and a 200 day moving average price of $105.14. The company has a market capitalization of $13.31 billion, a P/E ratio of 28.51, a P/E/G ratio of 1.81 and a beta of 1.19. AECOM has a one year low of $82.23 and a one year high of $118.56.

AECOM (NYSE:ACM) last announced its quarterly earnings data 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%. Sell-side analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM declared that its board has initiated a share repurchase plan on Monday, November 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to purchase up to 6.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership 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.