Sierra Capital LLC Grows Stock Holdings in AECOM (NYSE:ACM)

Sierra Capital LLC increased its position in shares of AECOM (NYSE:ACM) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,676 shares of the construction company’s stock after acquiring an additional 167 shares during the quarter. Sierra Capital LLC’s holdings in AECOM were worth $606,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. lifted its holdings in shares of AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Allworth Financial LP increased its position in AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after buying an additional 207 shares in the last quarter. Private Trust Co. NA purchased a new stake in AECOM in the third quarter valued at about $30,000. True Wealth Design LLC boosted its holdings in AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after acquiring an additional 297 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of AECOM during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Price Performance

Shares of AECOM stock opened at $95.66 on Tuesday. The firm has a market cap of $12.69 billion, a PE ratio of 27.18, a P/E/G ratio of 1.63 and a beta of 1.19. 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. The business has a 50-day moving average price of $106.16 and a 200 day moving average price of $105.43.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating 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%. Sell-side analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ACM shares. Barclays boosted their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. KeyCorp dropped their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. 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 target on the stock. Truist Financial lifted their price objective on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Citigroup lowered 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. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $120.38.

About AECOM

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.