Wingate Wealth Advisors Inc. Takes $51,000 Position in AECOM (NYSE:ACM)

Wingate Wealth Advisors Inc. acquired a new stake in AECOM (NYSE:ACM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 480 shares of the construction company’s stock, valued at approximately $51,000.

Several other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. lifted its stake in shares of AECOM by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock valued at $655,000 after purchasing an additional 91 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of AECOM by 1.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock valued at $977,000 after purchasing an additional 103 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of AECOM by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after purchasing an additional 109 shares during the last quarter. Avitas Wealth Management LLC lifted its stake in shares of AECOM by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock valued at $2,023,000 after purchasing an additional 110 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of AECOM by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock valued at $408,000 after purchasing an additional 132 shares during the last quarter. 85.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ACM has been the subject of several analyst reports. Truist Financial raised their price objective on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. The Goldman Sachs Group assumed coverage on AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 price target for the company. Citigroup decreased their price target on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Barclays raised their price target on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM has an average rating of “Buy” and an average price target of $120.38.

AECOM Trading Up 0.8 %

Shares of NYSE ACM opened at $107.99 on Tuesday. 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 business has a fifty day simple moving average of $108.74 and a two-hundred day simple moving average of $104.57. The firm has a market cap of $14.32 billion, a PE ratio of 30.68, a price-to-earnings-growth 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 issued its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating 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%. Analysts expect 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 repurchase $1.00 billion in outstanding 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 a sign that the company’s management believes its stock is 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 issued a $0.26 dividend. The ex-dividend date was Thursday, January 2nd. This is an increase from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. AECOM’s dividend payout ratio (DPR) 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.