Oddo BHF Asset Management Sas Makes New Investment in AECOM (NYSE:ACM)

Oddo BHF Asset Management Sas bought a new position in AECOM (NYSE:ACM - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 28,357 shares of the construction company's stock, valued at approximately $2,928,000.

Several other large investors have also recently bought and sold shares of the company. Private Trust Co. NA bought a new position in shares of AECOM during the third quarter valued at $30,000. Family Firm Inc. bought a new position in AECOM during the 2nd quarter worth $31,000. True Wealth Design LLC lifted its holdings in AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock worth $31,000 after buying an additional 297 shares during the period. UMB Bank n.a. grew its position in shares of AECOM by 196.2% in the 3rd 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 during the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of AECOM in the third quarter valued at about $50,000. 85.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ACM has been the topic of a number of recent analyst reports. KeyCorp lifted their price objective on AECOM from $115.00 to $122.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Truist Financial boosted their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. The Goldman Sachs Group began coverage on shares of AECOM in a research note on Friday, November 22nd. They issued a "buy" rating and a $130.00 price objective on the stock. StockNews.com raised shares of AECOM from a "hold" rating to a "buy" rating in a research note on Sunday, October 27th. Finally, Citigroup upped their price target on shares of AECOM from $110.00 to $128.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $119.38.

AECOM Stock Down 0.5 %

ACM stock traded down $0.52 during trading on Friday, reaching $111.51. 782,959 shares of the stock were exchanged, compared to its average volume of 802,768. The firm's 50 day moving average is $110.09 and its 200 day moving average is $98.77. The firm has a market cap of $14.77 billion, a P/E ratio of 37.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last issued its earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.86 billion. During the same period last year, the business earned $1.01 EPS. AECOM's quarterly revenue was up 4.9% compared to the same quarter last year. As a group, research analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be given a $0.26 dividend. This is a boost from AECOM's previous quarterly dividend of $0.22. The ex-dividend date is Thursday, January 2nd. This represents a $1.04 annualized dividend and a yield of 0.93%. AECOM's dividend payout ratio (DPR) is presently 35.14%.

AECOM announced that its Board of Directors has approved 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 repurchase up to 6.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at AECOM

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

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.