Proficio Capital Partners LLC Takes $55,000 Position in AECOM (NYSE:ACM)

Proficio Capital Partners LLC bought a new position in AECOM (NYSE:ACM) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 55,283 shares of the construction company’s stock, valued at approximately $55,000.

Several other large investors also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in AECOM by 17.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock valued at $205,429,000 after purchasing an additional 289,513 shares in the last quarter. National Bank of Canada FI grew its stake in shares of AECOM by 1,847.8% in the 3rd quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock valued at $28,384,000 after buying an additional 260,746 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after buying an additional 220,035 shares during the last quarter. Verition Fund Management LLC raised its position in shares of AECOM by 293.7% during the 3rd quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company’s stock valued at $18,651,000 after buying an additional 134,730 shares during the period. Finally, Forsta AP Fonden lifted its holdings in AECOM by 204.2% in the fourth quarter. Forsta AP Fonden now owns 79,100 shares of the construction company’s stock valued at $8,449,000 after acquiring an additional 53,100 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

NYSE ACM opened at $93.08 on Friday. The business has a 50 day moving average price of $103.20 and a 200 day moving average price of $105.29. The company has a market capitalization of $12.35 billion, a P/E ratio of 26.44, a PEG ratio of 1.63 and a beta of 1.22. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate 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 announced that its board has initiated a stock repurchase program on Monday, November 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be paid 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 1.12%. AECOM’s payout ratio is currently 29.55%.

Analyst Ratings Changes

ACM has been the subject of several recent analyst reports. KeyCorp cut their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Barclays raised their price objective on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Truist Financial upped their target price on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. The Goldman Sachs Group started coverage on shares of AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target for the company. Finally, Citigroup reduced their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average 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.