Mn Services Vermogensbeheer B.V. Buys 2,700 Shares of AECOM (NYSE:ACM)

Mn Services Vermogensbeheer B.V. boosted its stake in AECOM (NYSE:ACM) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,300 shares of the construction company’s stock after purchasing an additional 2,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in AECOM were worth $6,014,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Geode Capital Management LLC increased its stake in AECOM by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company’s stock worth $233,918,000 after purchasing an additional 14,511 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 worth $205,429,000 after purchasing an additional 289,513 shares during the period. JPMorgan Chase & Co. increased its stake in AECOM by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after purchasing an additional 220,035 shares during the period. Citigroup Inc. increased its stake in AECOM by 5.7% in the 3rd quarter. Citigroup Inc. now owns 585,174 shares of the construction company’s stock worth $60,431,000 after purchasing an additional 31,299 shares during the period. Finally, Swiss National Bank increased its stake in AECOM by 0.3% in the 3rd quarter. Swiss National Bank now owns 403,980 shares of the construction company’s stock worth $41,719,000 after purchasing an additional 1,300 shares during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Price Performance

Shares of ACM stock opened at $100.18 on Friday. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 1.63 and a beta of 1.19. The business’s fifty day moving average is $105.38 and its 200 day moving average is $105.36. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. Research analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM announced that its board has approved a stock buyback program on Monday, November 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have commented on ACM. Robert W. Baird decreased their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. KeyCorp reduced their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Citigroup reduced their target price on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group assumed coverage on AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 target price on the stock. Finally, Truist Financial boosted their target price on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company 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.