The Vanguard Group, Inc. has recently announced that it has increased stake in AECOM (NYSE:ACM) by 1.02%. After grabbing 13.18 million shares, the institutional investor is now in possession of 0.13 million shares of the Industrials Company. The new investment brought the stake of investor firm to 9.49% having worth around $1.14 billion. Moreover, BlackRock Fund Advisors increased its share by 0.73 million to have a control over 11.49 million shares. And Pictet Asset Management SA raised its holdings to 0.18 million shares by acquiring 5.78 million shares or 4.16% of the stake.
AECOM (ACM) concluded trading on 03/16/23 at a closing price of $83.46, with 1.26 million shares of worth about $105.35 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.19% during that period and on Thursday the price saw a gain of about 0.81%. Currently the company’s common shares owned by public are about 138.69M shares, out of which, 137.72M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 12 analysts are covering the ACM stock and their offered price forecasts bring an average price target of $101.20. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $105.00 and could fall to a lowest price of $94.00. The stock’s current price level is 17.53% above of average price target set by the analysts, while a rise to estimated low would result in gain of 11.21% for the stock. However, touching the estimated high of $105.00 would mean a gain of 20.51% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 24 times over the past 12 months. They bought 327,105 shares in 13 of the transactions. In 11 selling transactions, insiders dumped 252,990 shares.
Vanguard Capital Opportunity Fund, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in AECOM Vanguard Capital Opportunity Fund is currently holding 4.63 million shares of worth totaling $399.77 million. The company recently came buying 0.0 shares which brought its stake up to 3.33% of the company’s outstanding shares. iShares Core S&P Mid Cap ETF bought 9876.0 shares, after which its hold over company’s outstanding shares expand to 3.14%, leaving 4.36 million shares with the mutual fund that have a worth of about $376.42 million. Vanguard Total Stock Market Index, after buying 4.25 million shares, have now control over 3.06% of the stake in the company. It holds 30343.0 shares of worth $367.22 million.
AECOM (NYSE: ACM) started trading at $82.00, below -$0.79 from concluding price of the previous day. However, the stock later moved at a day high price of 83.76, or with a gain of 0.81%. Stock saw a price change of -4.86% in past 5 days and over the past one month there was a price change of -8.40%. Year-to-date (YTD), ACM shares are showing a performance of -1.73% which increased to 10.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $60.74 but also hit the highest price of $92.16 during that period. The average intraday trading volume for AECOM shares is 1.13 million. The stock is currently trading -4.85% below its 20-day simple moving average (SMA20), while that difference is down -4.12% for SMA50 and it goes to 8.52% higher than SMA200.
The Vanguard Group, Inc. acquired 13.18 million shares of AECOM having value of about $1.14 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.13 million shares in the company valued at close to $11060286.12, or have control over 1.02% stake in the company. AECOM (NYSE: ACM) currently have 138.69M outstanding shares and institutions hold larger chunk of about 87.90% of that. Holding of mutual funds in the company is about 53.91% while other institutional holders and individual stake holders have control over 8.18% and 33.21% of the stake respectively.
The stock has a current market capitalization of $12.07B and its 3Y-monthly beta is at 1.30. PE ratio of stock for trailing 12 months is 32.94, while it has posted earnings per share of $2.53 in the same period. Its PEG reads 2.37 and has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.86. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ACM, volatility over the week remained 2.81% while standing at 2.15% over the month.
Analysts are in expectations that AECOM (ACM) stock would likely to be making an EPS of $0.89 in the current quarter, while forecast for next quarter EPS is $0.95 and it is $4.4 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.86 which is $0.93 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.83 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 38.50% while it is estimated to increase by 19.02% in next year. EPS is likely to grow at an annualized rate of 13.88% for next 5-years, compared to annual growth of 5.00% made by the stock over the past 5-years.
Analysts at 12 brokerage firms have issued recommendations for the AECOM (ACM)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.60. Out of those 12 Wall Street analysts, 8 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Credit Suisse on January 12, 2023 offering an Outperform rating for the stock and assigned a target price of $98 to it. Coverage by RBC Capital Mkts stated AECOM (ACM) stock as an Outperform in their note to investors on April 27, 2022, suggesting a price target of $91 for the stock. Stock get a Buy rating from Argus on September 20, 2019.
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