Quantinno Capital Management LP Has $2.71 Million Position in AECOM (NYSE:ACM)

Quantinno Capital Management LP grew its holdings in shares of AECOM (NYSE:ACM - Free Report) by 61.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,272 shares of the construction company's stock after purchasing an additional 10,045 shares during the period. Quantinno Capital Management LP's holdings in AECOM were worth $2,713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC boosted its position in AECOM by 5.5% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company's stock worth $206,176,000 after purchasing an additional 122,015 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% in 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 valued at $205,429,000 after acquiring an additional 289,513 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of AECOM by 15.5% during the second quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company's stock valued at $154,464,000 after acquiring an additional 235,350 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in AECOM by 18.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company's stock valued at $143,573,000 after purchasing an additional 258,250 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of AECOM by 67.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 808,192 shares of the construction company's stock valued at $71,897,000 after buying an additional 326,423 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Stock Performance

ACM stock traded up $0.64 during mid-day trading on Tuesday, reaching $113.15. The company had a trading volume of 332,801 shares, compared to its average volume of 802,442. The stock's 50-day simple moving average is $109.33 and its two-hundred day simple moving average is $98.17. The stock has a market capitalization of $14.99 billion, a P/E ratio of 38.26, a P/E/G ratio of 1.93 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03. AECOM has a one year low of $82.23 and a one year high of $118.56.

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

AECOM declared that its Board of Directors has approved a share buyback plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 6.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

AECOM Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be paid a $0.26 dividend. This is a positive change from AECOM's previous quarterly dividend of $0.22. The ex-dividend date is Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.92%. AECOM's dividend payout ratio (DPR) is currently 35.14%.

Insider Buying and Selling 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 stock was sold at an average price of $115.34, for a total transaction of $4,890,416.00. Following the completion of the sale, the chief financial officer now directly owns 31,228 shares of the company's stock, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.42% of the company's stock.

Wall Street Analyst Weigh In

ACM has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price objective on AECOM from $113.00 to $122.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. StockNews.com upgraded shares of AECOM from a "hold" rating to a "buy" rating in a report on Sunday, October 27th. Citigroup lifted 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. Truist Financial increased their target price on AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group initiated coverage on AECOM in a report on Friday, November 22nd. They set a "buy" rating and a $130.00 target price for the company. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $119.38.

About AECOM

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.