Impact Partnership Wealth LLC Takes $326,000 Position in AECOM (NYSE:ACM)

Impact Partnership Wealth LLC purchased a new position in AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,049 shares of the construction company's stock, valued at approximately $326,000.

Several other hedge funds also recently modified their holdings of ACM. Geode Capital Management LLC lifted its position in AECOM by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company's stock worth $233,918,000 after buying an additional 14,511 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of AECOM by 17.0% in 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 buying an additional 289,513 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock valued at $79,339,000 after acquiring an additional 220,035 shares during the period. Citigroup Inc. increased its position in AECOM by 5.7% in the 3rd quarter. Citigroup Inc. now owns 585,174 shares of the construction company's stock worth $60,431,000 after buying an additional 31,299 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in AECOM in the 3rd quarter valued at $42,201,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on ACM. The Goldman Sachs Group assumed coverage on AECOM in a report on Friday, November 22nd. They issued a "buy" rating and a $130.00 price target for the company. Robert W. Baird boosted their price objective on AECOM from $113.00 to $122.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Truist Financial raised their target price on shares of AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. StockNews.com raised shares of AECOM from a "hold" rating to a "buy" rating in a research note on Sunday, October 27th. Finally, Citigroup raised their price objective on shares of AECOM from $110.00 to $128.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $119.25.

Insider Transactions at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 31,228 shares of the company's stock, valued at approximately $3,601,837.52. This represents a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.42% of the company's stock.

AECOM Stock Performance

NYSE:ACM traded up $0.87 during mid-day trading on Friday, reaching $109.20. 751,573 shares of the company's stock were exchanged, compared to its average volume of 748,353. 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 firm has a market capitalization of $14.48 billion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 1.89 and a beta of 1.19. AECOM has a one year low of $82.23 and a one year high of $118.56. The business's fifty day simple moving average is $110.43 and its two-hundred day simple moving average is $103.25.

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, beating the consensus estimate of $1.24 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. Analysts anticipate that AECOM will post 5.08 earnings per share for the current fiscal year.

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a boost from AECOM's previous quarterly dividend of $0.22. AECOM's payout ratio is presently 35.14%.

AECOM announced that its board has authorized a stock repurchase plan on Monday, November 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

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.