MML Investors Services LLC Purchases New Position in AECOM (NYSE:ACM)

MML Investors Services LLC purchased a new position in AECOM (NYSE:ACM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,045 shares of the construction company's stock, valued at approximately $831,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACM. Private Trust Co. NA bought a new position in shares of AECOM in the third quarter worth approximately $30,000. Family Firm Inc. purchased a new stake in AECOM during the 2nd quarter valued at $31,000. True Wealth Design LLC increased its holdings in shares of AECOM by 4,242.9% in the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock worth $31,000 after purchasing an additional 297 shares in the last quarter. UMB Bank n.a. raised its stake in shares of AECOM by 196.2% in the third quarter. UMB Bank n.a. now owns 388 shares of the construction company's stock worth $40,000 after purchasing an additional 257 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new position in shares of AECOM during the third quarter valued at $50,000. Institutional investors own 85.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ACM. Robert W. Baird upped their target price on shares of AECOM from $113.00 to $122.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. StockNews.com upgraded shares of AECOM from a "hold" rating to a "buy" rating in a research report on Sunday, October 27th. KeyCorp lifted their target price on shares of AECOM from $115.00 to $122.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Truist Financial increased their price target on AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Finally, Citigroup lifted their price objective on AECOM from $110.00 to $128.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM presently has a consensus rating of "Buy" and a consensus price target of $119.38.

Insiders Place Their Bets

In related 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is currently owned by company insiders.

AECOM Stock Performance

NYSE ACM traded up $0.95 on Friday, hitting $107.99. 2,456,707 shares of the company traded hands, compared to its average volume of 809,972. The business's 50 day moving average price is $110.45 and its 200-day moving average price is $99.47. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. 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 company has a market capitalization of $14.30 billion, a price-to-earnings ratio of 36.48, a P/E/G ratio of 1.92 and a beta of 1.17.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings data 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 return on equity of 25.46% and a net margin of 2.50%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the company posted $1.01 EPS. The firm's revenue was up 4.9% on a year-over-year basis. Equities analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be issued a $0.26 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.04 annualized dividend and a yield of 0.96%. This is an increase from AECOM's previous quarterly dividend of $0.22. AECOM's dividend payout ratio is currently 35.14%.

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