Robeco Schweiz AG Has $53.79 Million Stock Holdings in AECOM (NYSE:ACM)

Robeco Schweiz AG trimmed its stake in shares of AECOM (NYSE:ACM) by 21.8% in the fourth quarter, HoldingsChannel reports. The firm owned 503,521 shares of the construction company’s stock after selling 140,604 shares during the quarter. Robeco Schweiz AG’s holdings in AECOM were worth $53,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ACM. Raymond James & Associates grew its stake in AECOM by 1.3% in the 3rd quarter. Raymond James & Associates now owns 37,221 shares of the construction company’s stock valued at $3,844,000 after buying an additional 490 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of AECOM during the third quarter worth approximately $215,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of AECOM in the third quarter valued at approximately $59,000. Forsta AP Fonden increased its stake in shares of AECOM by 16.6% during the third quarter. Forsta AP Fonden now owns 26,000 shares of the construction company’s stock worth $2,685,000 after purchasing an additional 3,700 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in AECOM by 131.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,721 shares of the construction company’s stock worth $797,000 after purchasing an additional 4,383 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on ACM shares. Truist Financial increased their price objective on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Robert W. Baird lowered their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. Barclays lifted their price objective on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Citigroup decreased their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. 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 report on Wednesday, January 8th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $120.38.

AECOM Stock Performance

Shares of NYSE:ACM opened at $98.44 on Thursday. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50 day simple moving average is $105.90 and its 200 day simple moving average is $105.43.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM announced that its Board of Directors has initiated a stock 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 repurchase up to 6.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management 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.