Holocene Advisors LP Buys 9,606 Shares of AECOM (NYSE:ACM)

Holocene Advisors LP lifted its position in shares of AECOM (NYSE:ACM - Free Report) by 12.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,219 shares of the construction company's stock after purchasing an additional 9,606 shares during the period. Holocene Advisors LP owned about 0.07% of AECOM worth $9,214,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ACM. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in AECOM by 5.5% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company's stock valued at $206,176,000 after acquiring an additional 122,015 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AECOM by 17.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company's stock worth $205,429,000 after purchasing an additional 289,513 shares during the period. Impax Asset Management Group plc raised its holdings in shares of AECOM by 15.5% during the second quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company's stock worth $154,464,000 after purchasing an additional 235,350 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of AECOM by 18.8% during the second quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company's stock worth $143,573,000 after purchasing an additional 258,250 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of AECOM by 67.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 808,192 shares of the construction company's stock worth $71,897,000 after purchasing an additional 326,423 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the firm's 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 sale, the chief financial officer now owns 31,228 shares in the company, 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 SEC, which is accessible through this hyperlink. Insiders own 0.42% of the company's stock.

AECOM Price Performance

Shares of NYSE:ACM traded up $0.27 during trading hours on Wednesday, hitting $114.93. 659,851 shares of the company's stock traded hands, compared to its average volume of 807,710. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. 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's fifty day simple moving average is $108.72 and its two-hundred day simple moving average is $97.61. The company has a market cap of $15.22 billion, a price-to-earnings ratio of 38.83, a price-to-earnings-growth ratio of 1.97 and a beta of 1.17.

AECOM (NYSE:ACM - Get Free Report) last posted 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. 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 period in the prior year, the firm earned $1.01 earnings per share. The business's quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM announced that its board has authorized a share 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 usually a sign that the company's board of directors believes its shares are undervalued.

AECOM Increases Dividend

The firm also recently disclosed 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 represents a $1.04 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from AECOM's previous quarterly dividend of $0.22. AECOM's dividend payout ratio (DPR) is presently 29.73%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Truist Financial increased their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Citigroup increased their price objective on shares of AECOM from $110.00 to $128.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. KeyCorp increased their price objective on shares of AECOM from $115.00 to $122.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Robert W. Baird increased their price objective on shares of AECOM from $113.00 to $122.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Finally, StockNews.com raised shares of AECOM from a "hold" rating to a "buy" rating in a report on Sunday, October 27th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus 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.