Ninety One North America Inc. lifted its stake in AECOM (NYSE:ACM - Free Report) by 24.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,777 shares of the construction company's stock after purchasing an additional 21,420 shares during the period. Ninety One North America Inc. owned 0.08% of AECOM worth $11,513,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of ACM. Private Trust Co. NA purchased a new position in AECOM in the 3rd quarter worth approximately $30,000. True Wealth Design LLC lifted its holdings in shares of AECOM by 4,242.9% in 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. boosted its position in shares of AECOM by 196.2% during the third quarter. UMB Bank n.a. now owns 388 shares of the construction company's stock worth $40,000 after acquiring an additional 257 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in AECOM during the third quarter valued at $50,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in AECOM in the 3rd quarter valued at $59,000. 85.41% of the stock is owned by institutional investors.
AECOM Trading Down 1.0 %
Shares of ACM traded down $1.13 during midday trading on Friday, hitting $107.14. The stock had a trading volume of 650,016 shares, compared to its average volume of 1,001,431. The stock's 50 day moving average is $108.94 and its 200 day moving average is $104.23. The firm has a market cap of $14.21 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56.
AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.50% and a return on equity of 25.46%. As a group, analysts forecast that AECOM will post 5.08 EPS for the current fiscal year.
AECOM Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, January 2nd. This is an increase from AECOM's previous quarterly dividend of $0.22. AECOM's dividend payout ratio is 35.14%.
AECOM announced that its Board of Directors has initiated a share buyback plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 6.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Truist Financial increased their price objective on shares of AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a report on Friday, November 22nd. KeyCorp dropped their price target on AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group started coverage on AECOM in a research note on Friday, November 22nd. They issued a "buy" rating and a $130.00 price objective on the stock. Barclays increased their target price on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Citigroup reduced their price target on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $120.38.
View Our Latest Research Report on ACM
About AECOM
(
Free Report)
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.
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