Glenview Trust co Makes New $778,000 Investment in AECOM (NYSE:ACM)

Glenview Trust co purchased a new position in shares of AECOM (NYSE:ACM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,281 shares of the construction company’s stock, valued at approximately $778,000.

Several other hedge funds also recently bought and sold shares of ACM. Corient Private Wealth LLC boosted its holdings in shares of AECOM by 14.1% during the fourth quarter. Corient Private Wealth LLC now owns 5,363 shares of the construction company’s stock worth $573,000 after purchasing an additional 664 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in AECOM by 27.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,237 shares of the construction company’s stock valued at $987,000 after acquiring an additional 1,974 shares during the last quarter. Globeflex Capital L P acquired a new position in AECOM in the fourth quarter valued at $142,000. HighTower Advisors LLC boosted its holdings in AECOM by 24.7% in the fourth quarter. HighTower Advisors LLC now owns 14,457 shares of the construction company’s stock valued at $1,544,000 after acquiring an additional 2,863 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in AECOM in the fourth quarter valued at $704,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Up 0.7 %

Shares of NYSE ACM opened at $95.75 on Tuesday. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s 50-day simple moving average is $102.72 and its 200-day simple moving average is $105.30.

AECOM (NYSE:ACM) last announced its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (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, equities analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM declared that its Board of Directors has approved a share buyback plan on Monday, November 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio is currently 29.55%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Truist Financial lifted their target price on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Citigroup reduced their target price 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 assumed coverage on AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 target price on the stock. Barclays lifted their target price on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Robert W. Baird reduced their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock 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.