Fiduciary Alliance LLC Takes Position in AECOM (NYSE:ACM)

Fiduciary Alliance LLC purchased a new position in shares of AECOM (NYSE:ACM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,135 shares of the construction company's stock, valued at approximately $655,000.

Several other hedge funds have also made changes to their positions in ACM. Private Trust Co. NA acquired a new position in shares of AECOM during the third quarter worth about $30,000. True Wealth Design LLC lifted its stake in AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock worth $31,000 after acquiring an additional 297 shares during the last quarter. UMB Bank n.a. grew its holdings in AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company's stock worth $40,000 after acquiring an additional 257 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in shares of AECOM in the 3rd quarter valued at approximately $50,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of AECOM in the 3rd quarter valued at $59,000. Institutional investors and hedge funds own 85.41% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. KeyCorp lowered their target price on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. StockNews.com raised AECOM from a "hold" rating to a "buy" rating in a research report on Sunday, October 27th. Citigroup increased their price objective on AECOM from $110.00 to $128.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Robert W. Baird boosted their target price on AECOM from $113.00 to $122.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group began coverage on shares of AECOM in a research note on Friday, November 22nd. They issued a "buy" rating and a $130.00 price target on the stock. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $119.25.

Insider Buying and Selling at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction on 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 $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 is available at the SEC website. 0.42% of the stock is owned by company insiders.

AECOM Stock Performance

Shares of ACM stock traded up $0.74 during trading hours on Tuesday, hitting $109.21. The stock had a trading volume of 232,091 shares, compared to its average volume of 736,819. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $14.47 billion, a PE ratio of 36.90, a PEG ratio of 1.92 and a beta of 1.19. The stock's 50 day moving average is $110.65 and its 200 day moving average is $101.86. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56.

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

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 $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, January 2nd. This is a boost from AECOM's previous quarterly dividend of $0.22. AECOM's payout ratio is 35.14%.

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