Charles Schwab Investment Management Inc. Buys 6,513 Shares of AECOM (NYSE:ACM)

Charles Schwab Investment Management Inc. grew its stake in AECOM (NYSE:ACM) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 893,903 shares of the construction company’s stock after purchasing an additional 6,513 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in AECOM were worth $95,487,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ACM. US Bancorp DE raised its holdings in AECOM by 4.4% in the 3rd quarter. US Bancorp DE now owns 7,301 shares of the construction company’s stock worth $754,000 after purchasing an additional 310 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in AECOM by 54.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 853 shares of the construction company’s stock worth $88,000 after purchasing an additional 302 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of AECOM in the 3rd quarter worth about $204,000. Assetmark Inc. bought a new position in shares of AECOM in the 3rd quarter worth about $163,000. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of AECOM by 5.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 41,214 shares of the construction company’s stock worth $4,256,000 after acquiring an additional 2,311 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

AECOM Stock Performance

Shares of ACM stock opened at $97.02 on Monday. AECOM has a one year low of $82.23 and a one year high of $118.56. The company’s 50-day moving average is $104.17 and its 200 day moving average is $105.48. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. 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 (NYSE:ACM) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Sell-side analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, April 2nd. AECOM’s payout ratio is presently 29.55%.

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

Wall Street Analyst Weigh In

ACM has been the subject of several research reports. Robert W. Baird decreased their price target 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. Citigroup decreased their price target 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. The Goldman Sachs Group initiated coverage on shares of AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target for the company. Truist Financial increased their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, KeyCorp decreased their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $120.38.

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.