Aigen Investment Management LP Invests $950,000 in AECOM (NYSE:ACM)

Aigen Investment Management LP bought a new position in shares of AECOM (NYSE:ACM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,896 shares of the construction company’s stock, valued at approximately $950,000.

A number of other large investors also recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of AECOM by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company’s stock worth $233,918,000 after purchasing an additional 14,511 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of AECOM by 17.0% during the third 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 purchasing an additional 289,513 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of AECOM by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 893,903 shares of the construction company’s stock worth $95,487,000 after purchasing an additional 6,513 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after purchasing an additional 220,035 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of AECOM by 5.7% during the third quarter. Citigroup Inc. now owns 585,174 shares of the construction company’s stock worth $60,431,000 after purchasing an additional 31,299 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Trading Up 2.1 %

ACM opened at $96.03 on Thursday. The firm’s fifty day moving average is $104.63 and its two-hundred day moving average is $105.43. 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 cap of $12.74 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56.

AECOM (NYSE:ACM) last posted its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping 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%. Equities research analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM announced that its Board of Directors has initiated a stock buyback program on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to buy up to 6.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. KeyCorp cut their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group assumed coverage on shares of AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective on the stock. Robert W. Baird cut their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Finally, Citigroup cut their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average 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.