AECOM (NYSE:ACM) Shares Bought by National Bank of Canada FI

National Bank of Canada FI lifted its holdings in shares of AECOM (NYSE:ACM - Free Report) by 1,847.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 274,857 shares of the construction company's stock after acquiring an additional 260,746 shares during the period. National Bank of Canada FI owned approximately 0.21% of AECOM worth $28,384,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Private Trust Co. NA acquired a new position in AECOM during the third quarter valued at $30,000. Family Firm Inc. acquired a new position in shares of AECOM in the 2nd quarter valued at $31,000. True Wealth Design LLC boosted its holdings in AECOM by 4,242.9% during the third quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock worth $31,000 after buying an additional 297 shares in the last quarter. UMB Bank n.a. increased its holdings in AECOM by 196.2% in the third quarter. UMB Bank n.a. now owns 388 shares of the construction company's stock valued at $40,000 after buying an additional 257 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of AECOM in the third quarter worth about $50,000. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Price Performance

Shares of NYSE:ACM traded down $0.04 during midday trading on Tuesday, hitting $112.47. The company had a trading volume of 624,811 shares, compared to its average volume of 803,767. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 1.93 and a beta of 1.17. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13. The business's 50-day simple moving average is $109.53 and its 200-day simple moving average is $98.34.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.24 by $0.03. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm earned $1.01 EPS. The company's quarterly revenue was up 4.9% compared to the same quarter last year. On average, research analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM announced that its board has initiated a stock buyback plan on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

AECOM Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from AECOM's previous quarterly dividend of $0.22. AECOM's dividend payout ratio (DPR) is currently 35.14%.

Insider Activity

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total transaction of $4,890,416.00. Following the completion of the sale, the chief financial officer now directly owns 31,228 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

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