Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Stock Position in AECOM (NYSE:ACM)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in AECOM (NYSE:ACM) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 83,777 shares of the construction company’s stock after selling 700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in AECOM were worth $8,949,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Geode Capital Management LLC raised its stake in shares of AECOM by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company’s stock valued at $233,918,000 after acquiring an additional 14,511 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in AECOM by 17.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock worth $205,429,000 after buying an additional 289,513 shares during the period. JPMorgan Chase & Co. increased its stake in 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 buying an additional 220,035 shares during the period. Citigroup Inc. increased its stake in AECOM by 5.7% during the 3rd quarter. Citigroup Inc. now owns 585,174 shares of the construction company’s stock worth $60,431,000 after buying an additional 31,299 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in AECOM during the 3rd quarter worth $42,201,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Trading Down 2.2 %

NYSE ACM opened at $97.49 on Monday. AECOM has a one year low of $82.23 and a one year high of $118.56. The company has a 50-day simple moving average of $106.46 and a 200-day simple moving average of $105.44. 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 firm has a market capitalization of $12.93 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.67 and a beta of 1.19.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. On average, equities analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM declared that its board has approved a stock buyback plan on Monday, November 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ACM shares. Citigroup dropped their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group started coverage on shares of AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. KeyCorp dropped their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Finally, Barclays lifted their price target 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. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $120.38.

AECOM Company 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.