3,404 Shares in AECOM (NYSE:ACM) Purchased by Conning Inc.

Conning Inc. bought a new position in AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,404 shares of the construction company's stock, valued at approximately $364,000.

Other large investors have also bought and sold shares of the company. Franklin Resources Inc. grew its position in shares of AECOM by 1.5% in the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company's stock valued at $655,000 after purchasing an additional 91 shares in the last quarter. PNC Financial Services Group Inc. grew its position in AECOM by 1.1% during the third quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company's stock worth $977,000 after buying an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in AECOM by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock worth $809,000 after buying an additional 109 shares in the last quarter. Avitas Wealth Management LLC grew its position in AECOM by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock worth $2,023,000 after buying an additional 110 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in AECOM by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company's stock worth $408,000 after buying an additional 132 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Stock Down 2.7 %

ACM stock traded down $2.85 during midday trading on Wednesday, hitting $103.67. The company's stock had a trading volume of 940,383 shares, compared to its average volume of 985,160. The company has a market cap of $13.75 billion, a PE ratio of 29.45, a P/E/G ratio of 1.81 and a beta of 1.19. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 1.02. The firm's 50-day moving average is $108.19 and its 200-day moving average is $104.81.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, equities research analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM announced that its Board of Directors has initiated a share buyback program on Monday, November 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Thursday, January 2nd. This is a positive change from AECOM's previous quarterly dividend of $0.22. AECOM's dividend payout ratio is presently 29.55%.

Wall Street Analyst Weigh In

Several research firms recently commented on ACM. StockNews.com upgraded AECOM from a "hold" rating to a "buy" rating in a research report on Sunday, October 27th. KeyCorp reduced their target price on AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Truist Financial lifted their price target on AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Citigroup dropped their price target on AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, Barclays lifted their price target on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has an average rating of "Buy" and a consensus target price of $120.38.

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.