Avitas Wealth Management LLC Raises Holdings in AECOM (NYSE:ACM)

Avitas Wealth Management LLC boosted its position in AECOM (NYSE:ACM) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,939 shares of the construction company’s stock after purchasing an additional 110 shares during the quarter. Avitas Wealth Management LLC’s holdings in AECOM were worth $2,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position 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 buying an additional 91 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in AECOM by 1.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock valued at $977,000 after acquiring an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised 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 valued at $809,000 after acquiring an additional 109 shares during the last quarter. CIBC Asset Management Inc lifted its stake in AECOM by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock worth $408,000 after purchasing an additional 132 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in shares of AECOM by 3.6% during the 4th quarter. Ballentine Partners LLC now owns 4,137 shares of the construction company’s stock worth $442,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Wall Street Analyst Weigh In

ACM has been the topic of a number of analyst reports. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Citigroup reduced their price target on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. The Goldman Sachs Group initiated coverage on shares of AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective for the company. Robert W. Baird reduced their target price on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, KeyCorp dropped 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $118.50.

AECOM Trading Up 0.4 %

Shares of ACM stock opened at $104.22 on Wednesday. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The firm has a market cap of $13.82 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. The company has a 50-day moving average of $109.34 and a two-hundred day moving average of $104.20. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13.

AECOM (NYSE:ACM) last posted its quarterly earnings data 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 net margin of 2.50% and a return on equity of 25.46%. On average, analysts predict that AECOM will post 5.08 EPS for the current year.

AECOM Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Thursday, January 2nd. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is currently 29.55%.

AECOM declared that its board has authorized a stock repurchase plan on Monday, November 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.