Ieq Capital LLC Sells 3,432 Shares of AECOM (NYSE:ACM)

Ieq Capital LLC decreased its position in AECOM (NYSE:ACM) by 49.7% during the 4th quarter, HoldingsChannel reports. The fund owned 3,480 shares of the construction company’s stock after selling 3,432 shares during the quarter. Ieq Capital LLC’s holdings in AECOM were worth $372,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ACM. Private Advisor Group LLC lifted its position in shares of AECOM by 265.5% in the fourth quarter. Private Advisor Group LLC now owns 11,505 shares of the construction company’s stock worth $1,229,000 after purchasing an additional 8,357 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in AECOM in the 4th quarter valued at $256,000. Atria Wealth Solutions Inc. bought a new stake in AECOM during the 4th quarter worth about $217,000. Venturi Wealth Management LLC boosted its stake in shares of AECOM by 407.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,619 shares of the construction company’s stock worth $173,000 after buying an additional 1,300 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in shares of AECOM by 28.7% in the 4th quarter. Truist Financial Corp now owns 9,851 shares of the construction company’s stock valued at $1,052,000 after acquiring an additional 2,194 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Analyst Upgrades and Downgrades

ACM has been the topic of a number of analyst reports. KeyCorp dropped their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Truist Financial increased their price target on shares of 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 initiated coverage on shares of AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective on the stock. Robert W. Baird cut their target price on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Finally, Citigroup lowered their price target on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $120.38.

AECOM Stock Down 1.2 %

Shares of ACM opened at $97.21 on Friday. The firm has a market cap of $12.89 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. 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’s 50-day simple moving average is $105.73 and its 200 day simple moving average is $105.38.

AECOM (NYSE:ACM) last announced its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share 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, analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM announced that its board has authorized a share buyback program on Monday, November 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board 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.