AECOM (NYSE:ACM) Shares Purchased by Glenmede Trust Co. NA

Glenmede Trust Co. NA grew its holdings in shares of AECOM (NYSE:ACM - Free Report) by 35.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,994 shares of the construction company's stock after buying an additional 4,482 shares during the quarter. Glenmede Trust Co. NA's holdings in AECOM were worth $1,755,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ACM. Price T Rowe Associates Inc. MD boosted its position in AECOM by 7.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 87,301 shares of the construction company's stock valued at $8,564,000 after buying an additional 6,003 shares during the period. Tidal Investments LLC grew its stake in AECOM by 29.1% in the first quarter. Tidal Investments LLC now owns 6,846 shares of the construction company's stock worth $671,000 after purchasing an additional 1,544 shares in the last quarter. Cetera Advisors LLC purchased a new position in AECOM during the 1st quarter worth $636,000. GAMMA Investing LLC raised its position in AECOM by 47.0% during the 2nd quarter. GAMMA Investing LLC now owns 888 shares of the construction company's stock valued at $78,000 after purchasing an additional 284 shares in the last quarter. Finally, DNB Asset Management AS grew its position in shares of AECOM by 7.1% during the 2nd quarter. DNB Asset Management AS now owns 52,973 shares of the construction company's stock worth $4,669,000 after buying an additional 3,506 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Stock Performance

Shares of NYSE ACM traded down $1.10 during mid-day trading on Monday, hitting $115.87. The stock had a trading volume of 884,208 shares, compared to its average volume of 807,441. The firm has a market cap of $15.35 billion, a PE ratio of 39.48, a PEG ratio of 1.99 and a beta of 1.17. 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 50 day moving average of $107.91 and a two-hundred day moving average of $97.12. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, November 18th. The construction company reported $1.27 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 firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company's revenue was up 4.9% compared to the same quarter last year. Research analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Increases Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, January 2nd. This is an increase from AECOM's previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 0.90%. AECOM's payout ratio is currently 35.14%.

AECOM declared that its Board of Directors has initiated a share repurchase 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 typically a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms recently weighed in on ACM. Robert W. Baird lifted their price objective on AECOM from $113.00 to $122.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Barclays lifted their price objective on shares of AECOM from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, August 8th. KeyCorp upped their target price on AECOM from $115.00 to $122.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. StockNews.com upgraded shares of AECOM from a "hold" rating to a "buy" rating in a report on Sunday, October 27th. Finally, Citigroup boosted their price objective on shares of AECOM from $110.00 to $128.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM presently has an average rating of "Buy" and an average price target of $119.38.

Insider Buying and Selling at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total value of $4,890,416.00. Following the completion of the transaction, the chief financial officer now directly owns 31,228 shares of the company's stock, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.42% of the stock is owned by corporate insiders.

AECOM Company 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.