Healthcare of Ontario Pension Plan Trust Fund Acquires Shares of 34,000 AECOM (NYSE:ACM)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in AECOM (NYSE:ACM - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 34,000 shares of the construction company's stock, valued at approximately $3,511,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Private Trust Co. NA acquired a new position in AECOM in the third quarter valued at approximately $30,000. Family Firm Inc. purchased a new stake in AECOM in the second quarter valued at $31,000. UMB Bank n.a. lifted its stake in shares of AECOM by 196.2% in the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company's stock valued at $40,000 after purchasing an additional 257 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of AECOM during the 3rd quarter worth $50,000. Finally, Versant Capital Management Inc increased its position in shares of AECOM by 4,375.0% during the 2nd quarter. Versant Capital Management Inc now owns 537 shares of the construction company's stock worth $47,000 after purchasing an additional 525 shares during the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Stock Up 0.2 %

NYSE:ACM traded up $0.23 during trading hours on Friday, hitting $116.97. The company's stock had a trading volume of 422,323 shares, compared to its average volume of 1,026,385. The stock has a market capitalization of $15.49 billion, a P/E ratio of 39.52, a price-to-earnings-growth ratio of 1.99 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. The stock has a fifty day moving average of $107.91 and a 200-day moving average of $97.08. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 25.46% and a net margin of 2.50%. The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.01 EPS. On average, equities analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be issued a $0.26 dividend. This is a boost 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 dividend yield of 0.89%. AECOM's dividend payout ratio is presently 29.73%.

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

Analyst Ratings Changes

Several research analysts have weighed in on ACM shares. Citigroup increased their target price 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. The Goldman Sachs Group assumed coverage on shares of AECOM in a report on Friday, November 22nd. They issued a "buy" rating and a $130.00 target price for the company. KeyCorp upped their price target on AECOM from $115.00 to $122.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Truist Financial raised their price target on AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Finally, StockNews.com upgraded shares of AECOM from a "hold" rating to a "buy" rating in a research note on Sunday, October 27th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM currently has an average rating of "Buy" and a consensus price target of $119.38.

Insider Activity at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 $3,601,837.52. The trade was a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.42% 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.