Dynamic Technology Lab Private Ltd Invests $1.36 Million in AECOM (NYSE:ACM)

Dynamic Technology Lab Private Ltd acquired a new position in shares of AECOM (NYSE:ACM - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 13,185 shares of the construction company's stock, valued at approximately $1,362,000.

Several other institutional investors have also modified their holdings of ACM. Mackenzie Financial Corp lifted its position in AECOM by 12.5% in the second quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company's stock valued at $936,000 after acquiring an additional 1,180 shares during the last quarter. Plato Investment Management Ltd acquired a new position in AECOM in the first quarter valued at $741,000. Price T Rowe Associates Inc. MD increased its stake in shares of AECOM by 7.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 87,301 shares of the construction company's stock worth $8,564,000 after acquiring an additional 6,003 shares during the period. SG Americas Securities LLC increased its stake in shares of AECOM by 24.3% during the second quarter. SG Americas Securities LLC now owns 203,281 shares of the construction company's stock worth $17,917,000 after acquiring an additional 39,801 shares during the period. Finally, Swedbank AB increased its stake in shares of AECOM by 13.6% during 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 during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Gaurav Kapoor sold 42,400 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total transaction of $4,890,416.00. Following the completion of the transaction, the chief financial officer now owns 31,228 shares of the company's stock, valued at approximately $3,601,837.52. This represents a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.42% of the stock is currently owned by company insiders.

AECOM Stock Performance

Shares of ACM opened at $116.74 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $15.46 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 1.99 and a beta of 1.17. The company's 50 day simple moving average is $106.92 and its 200 day simple moving average is $96.59. AECOM has a 1 year low of $82.23 and a 1 year high of $118.12.

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 (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 earnings per share. On average, sell-side analysts predict that AECOM will post 5.1 EPS for the current year.

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

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be given a dividend of $0.26 per share. This is a positive change from AECOM's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.04 annualized dividend and a yield of 0.89%. AECOM's dividend payout ratio is 29.73%.

Analysts Set New Price Targets

Several brokerages have weighed in on ACM. Robert W. Baird upped their target price 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. StockNews.com upgraded shares of AECOM from a "hold" rating to a "buy" rating in a research report on Sunday, October 27th. Citigroup upped 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. Barclays upped their price target on shares of AECOM from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, August 8th. Finally, Truist Financial upped 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. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target 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.