AECOM (NYSE:ACM) Stock Position Increased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its stake in shares of AECOM (NYSE:ACM - Free Report) by 15.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,918 shares of the construction company's stock after purchasing an additional 18,810 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.10% of AECOM worth $14,243,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ACM. Mackenzie Financial Corp increased its position in shares of AECOM by 12.5% in the second quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company's stock worth $936,000 after acquiring an additional 1,180 shares in the last quarter. Swedbank AB increased its position in shares of AECOM by 13.6% in the second quarter. Swedbank AB now owns 72,823 shares of the construction company's stock worth $6,419,000 after acquiring an additional 8,694 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of AECOM by 5.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company's stock worth $26,714,000 after acquiring an additional 12,224 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of AECOM by 60.5% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 26,051 shares of the construction company's stock worth $2,296,000 after acquiring an additional 9,815 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of AECOM in the third quarter worth $495,000. Hedge funds and other institutional investors own 85.41% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ACM. Robert W. Baird increased their price objective on shares of AECOM from $113.00 to $122.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. KeyCorp raised their price target on shares of AECOM from $115.00 to $122.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Truist Financial raised their price target on shares of AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Citigroup raised their price target on shares of AECOM from $110.00 to $128.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, StockNews.com raised shares of AECOM from a "hold" rating to a "buy" rating in a report on Sunday, October 27th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $119.38.

Insider Transactions at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total value of $4,890,416.00. Following the transaction, the chief financial officer now directly owns 31,228 shares in the company, valued at approximately $3,601,837.52. This trade represents a 57.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.42% of the company's stock.

AECOM Stock Down 0.7 %

ACM stock traded down $0.74 during mid-day trading on Thursday, hitting $112.03. 535,531 shares of the company were exchanged, compared to its average volume of 802,859. The company has a market capitalization of $14.84 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 1.93 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The firm has a fifty day simple moving average of $109.93 and a 200 day simple moving average of $98.53.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $1.01 EPS. On average, research analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be given a $0.26 dividend. This is an increase from AECOM's previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, January 2nd. AECOM's dividend payout ratio (DPR) is presently 35.14%.

AECOM declared that its board has initiated a share buyback program on Monday, November 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board 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.