Sierra Capital LLC Increases Stake in AECOM (NYSE:ACM)

Sierra Capital LLC grew its holdings in shares of AECOM (NYSE:ACM) by 3.0% during the 4th quarter, HoldingsChannel reports. The firm owned 5,676 shares of the construction company’s stock after buying an additional 167 shares during the period. Sierra Capital LLC’s holdings in AECOM were worth $606,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Franklin Resources Inc. boosted its position in AECOM by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock valued at $655,000 after buying an additional 91 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of AECOM by 1.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock valued at $977,000 after purchasing an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of AECOM by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock worth $809,000 after purchasing an additional 109 shares during the last quarter. Avitas Wealth Management LLC grew its stake in shares of AECOM by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock worth $2,023,000 after purchasing an additional 110 shares in the last quarter. Finally, Principal Securities Inc. raised its stake in AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Robert W. Baird dropped their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. KeyCorp lowered their price target on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company 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 set a “buy” rating and a $130.00 price objective on the stock. Truist Financial upped their target price on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Citigroup dropped their price objective on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $120.38.

AECOM Price Performance

Shares of NYSE:ACM opened at $95.66 on Tuesday. 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 price of $106.16 and a 200 day moving average price of $105.43. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The company has a market cap of $12.69 billion, a P/E ratio of 27.18, a PEG ratio of 1.63 and a beta of 1.19.

AECOM (NYSE:ACM) last released its earnings results 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%. Research analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM announced that its board has authorized a share repurchase 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 buy up to 6.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors 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.