Forsta AP Fonden Purchases 53,100 Shares of AECOM (NYSE:ACM)

Forsta AP Fonden grew its stake in shares of AECOM (NYSE:ACM - Free Report) by 204.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,100 shares of the construction company's stock after buying an additional 53,100 shares during the quarter. Forsta AP Fonden owned about 0.06% of AECOM worth $8,449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ACM. Mackenzie Financial Corp raised 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 worth $936,000 after acquiring an additional 1,180 shares in the last quarter. Magnus Financial Group LLC grew its stake in shares of AECOM by 93.5% in the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company's stock worth $519,000 after purchasing an additional 2,348 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of AECOM by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock worth $79,339,000 after purchasing an additional 220,035 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in AECOM by 5.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company's stock valued at $26,714,000 after purchasing an additional 12,224 shares during the last quarter. Finally, TT International Asset Management LTD bought a new stake in AECOM during the fourth quarter worth approximately $3,578,000. 85.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. StockNews.com raised AECOM from a "hold" rating to a "buy" rating in a report on Sunday, October 27th. Truist Financial upped their target price on AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a report on Friday, November 22nd. KeyCorp dropped their price target on AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Citigroup reduced their price objective on shares of AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, Robert W. Baird lifted 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. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has an average rating of "Buy" and a consensus target price of $119.13.

AECOM Stock Down 1.2 %

Shares of ACM stock traded down $1.24 during trading on Monday, hitting $104.20. 472,227 shares of the company were exchanged, compared to its average volume of 967,075. The business's 50-day simple moving average is $109.85 and its 200 day simple moving average is $103.99. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 35.26, a P/E/G ratio of 1.80 and a beta of 1.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13.

AECOM (NYSE:ACM - Get Free Report) last issued its earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.03. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business posted $1.01 EPS. The company's revenue for the quarter was up 4.9% on a year-over-year basis. As a group, analysts forecast that AECOM will post 5.08 EPS for the current fiscal year.

AECOM Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were given a $0.26 dividend. This is a positive change from AECOM's previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 1.00%. The ex-dividend date was Thursday, January 2nd. AECOM's dividend payout ratio is presently 35.14%.

AECOM declared that its Board of Directors has approved a stock buyback program on Monday, November 18th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of the firm'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 transaction, the chief financial officer now owns 31,228 shares of the company's stock, valued at approximately $3,601,837.52. This trade represents a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.41% of the company's stock.

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.