Kestra Investment Management LLC Makes New $256,000 Investment in AECOM (NYSE:ACM)

Kestra Investment Management LLC bought a new position in AECOM (NYSE:ACM) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 2,394 shares of the construction company’s stock, valued at approximately $256,000.

A number of other large investors have also recently modified their holdings of the stock. Magnus Financial Group LLC raised its stake in AECOM by 93.5% in the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock worth $519,000 after buying an additional 2,348 shares in the last quarter. JPMorgan Chase & Co. grew 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 acquiring an additional 220,035 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of AECOM by 5.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company’s stock worth $26,714,000 after acquiring an additional 12,224 shares in the last quarter. TT International Asset Management LTD purchased a new position in shares of AECOM in the 4th quarter valued at approximately $3,578,000. Finally, Park Avenue Securities LLC boosted its position in shares of AECOM by 176.9% during the fourth quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock valued at $773,000 after purchasing an additional 4,625 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

Analyst Upgrades and Downgrades

ACM has been the subject of a number of research reports. KeyCorp decreased their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Truist Financial lifted their price target 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. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Robert W. Baird lowered their target price on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Finally, Citigroup cut their price target 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 research analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM presently has a consensus rating of “Buy” and an average target price of $120.38.

AECOM Price Performance

Shares of NYSE ACM opened at $100.97 on Thursday. The firm has a market cap of $13.39 billion, a P/E ratio of 28.69, a PEG ratio of 1.68 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 company has a 50 day moving average of $106.99 and a 200 day moving average of $105.20.

AECOM (NYSE:ACM) last posted its earnings results on Monday, February 3rd. The construction company reported $1.31 EPS 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, research analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM announced that its Board of Directors has initiated a share repurchase plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership 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.