Wealthfront Advisers LLC Makes New $704,000 Investment in AECOM (NYSE:ACM)

Wealthfront Advisers LLC acquired a new stake in AECOM (NYSE:ACM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,594 shares of the construction company’s stock, valued at approximately $704,000.

Other hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in shares of AECOM by 1.5% in the third 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 period. Ranch Capital Advisors Inc. lifted its holdings in AECOM by 2.3% in the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock worth $479,000 after buying an additional 99 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in AECOM by 1.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock worth $977,000 after buying an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in AECOM by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock worth $809,000 after buying an additional 109 shares in the last quarter. Finally, Avitas Wealth Management LLC lifted its holdings in AECOM by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock worth $2,023,000 after buying an additional 110 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Stock Performance

ACM stock opened at $95.19 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm has a market cap of $12.63 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.63 and a beta of 1.22. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The stock’s 50 day simple moving average is $102.95 and its 200 day simple moving average is $105.32.

AECOM (NYSE:ACM) last announced its quarterly 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%. As a group, equities research analysts predict that AECOM will post 5.1 EPS for the current 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 given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Wednesday, April 2nd. AECOM’s payout ratio is 29.55%.

AECOM announced that its Board of Directors has authorized a share repurchase program on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have commented on ACM shares. 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 report on Friday, November 22nd. Citigroup cut their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Barclays boosted their price objective on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. The Goldman Sachs Group started coverage on shares of AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target on the stock. Finally, Robert W. Baird cut their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $120.38.

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.