Glenview Trust Co boosted its stake in shares of AECOM (NYSE:ACM – Free Report) by 80.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,171 shares of the construction company’s stock after buying an additional 5,885 shares during the period. Glenview Trust Co’s holdings in AECOM were worth $1,718,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Leuthold Group LLC bought a new stake in shares of AECOM in the 3rd quarter worth about $3,427,000. Nordea Investment Management AB grew its holdings in AECOM by 10.5% during the 3rd quarter. Nordea Investment Management AB now owns 792,378 shares of the construction company’s stock valued at $103,279,000 after purchasing an additional 75,108 shares during the last quarter. Asset Management One Co. Ltd. raised its position in AECOM by 42.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 167,723 shares of the construction company’s stock worth $21,880,000 after purchasing an additional 50,086 shares during the period. Generali Asset Management SPA SGR bought a new stake in AECOM in the third quarter worth about $1,092,000. Finally, Global Retirement Partners LLC purchased a new position in shares of AECOM during the second quarter valued at approximately $251,000. 85.41% of the stock is owned by hedge funds and other institutional investors.
AECOM Stock Performance
ACM stock opened at $91.19 on Wednesday. AECOM has a 1-year low of $85.00 and a 1-year high of $135.52. The business has a 50-day moving average price of $97.26 and a 200 day moving average price of $114.55. The company has a market capitalization of $11.79 billion, a P/E ratio of 25.91, a PEG ratio of 1.03 and a beta of 1.08. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.10 and a quick ratio of 1.10.
Wall Street Analyst Weigh In
ACM has been the topic of several recent analyst reports. Truist Financial reiterated a “buy” rating and issued a $132.00 price target (up from $126.00) on shares of AECOM in a report on Wednesday, February 11th. KeyCorp reiterated an “overweight” rating and set a $115.00 target price on shares of AECOM in a research report on Wednesday, January 7th. Citigroup lowered their target price on shares of AECOM from $152.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Barclays raised their price target on shares of AECOM from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 11th. Finally, UBS Group lifted their price objective on shares of AECOM from $143.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $130.09.
AECOM Profile
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
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