Globeflex Capital L P Invests $142,000 in AECOM (NYSE:ACM)

Globeflex Capital L P purchased a new position in shares of AECOM (NYSE:ACM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,327 shares of the construction company’s stock, valued at approximately $142,000.

Several other institutional investors have also modified their holdings of ACM. Assetmark Inc. purchased a new stake in shares of AECOM during the 3rd quarter worth approximately $163,000. GSA Capital Partners LLP purchased a new stake in AECOM in the 3rd quarter valued at approximately $237,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in AECOM by 5.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company’s stock valued at $26,714,000 after buying an additional 12,224 shares in the last quarter. KBC Group NV lifted its stake in AECOM by 8.6% in the 3rd quarter. KBC Group NV now owns 15,475 shares of the construction company’s stock valued at $1,599,000 after buying an additional 1,221 shares in the last quarter. Finally, Metis Global Partners LLC lifted its stake in AECOM by 11.8% in the 3rd quarter. Metis Global Partners LLC now owns 21,536 shares of the construction company’s stock valued at $2,224,000 after buying an additional 2,275 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Truist Financial upped 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. KeyCorp reduced their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird reduced 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. 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 for the company. Finally, Barclays boosted their price target 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, According to MarketBeat, AECOM has a consensus rating of “Buy” and a consensus price target of $120.38.

AECOM Trading Up 2.2 %

ACM stock opened at $95.19 on Friday. The company has a market cap of $12.63 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.63 and a beta of 1.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The business has a fifty day simple moving average of $102.95 and a 200-day simple moving average of $105.29. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, equities research analysts expect that AECOM will post 5.1 EPS for the current year.

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

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 1.09%. AECOM’s dividend payout ratio is currently 29.55%.

About AECOM

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.