Parallax Volatility Advisers L.P. Buys Shares of 7,585 AECOM (NYSE:ACM)

Parallax Volatility Advisers L.P. acquired a new position in shares of AECOM (NYSE:ACM - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,585 shares of the construction company's stock, valued at approximately $783,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACM. Ninety One UK Ltd acquired a new stake in shares of AECOM during the second quarter valued at about $46,109,000. International Assets Investment Management LLC purchased a new position in shares of AECOM during the third quarter worth $42,201,000. DekaBank Deutsche Girozentrale grew its stake in shares of AECOM by 67.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 808,192 shares of the construction company's stock valued at $71,897,000 after buying an additional 326,423 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AECOM by 17.0% in the 3rd 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 valued at $205,429,000 after buying an additional 289,513 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in AECOM by 18.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company's stock worth $143,573,000 after acquiring an additional 258,250 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Stock Performance

Shares of NYSE:ACM traded down $0.47 on Friday, reaching $113.75. The company's stock had a trading volume of 397,579 shares, compared to its average volume of 805,307. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The stock has a market capitalization of $15.07 billion, a P/E ratio of 38.43, a PEG ratio of 1.95 and a beta of 1.17. The stock's 50-day moving average is $108.94 and its two-hundred day moving average is $97.72. 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 (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, beating 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 firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the business earned $1.01 EPS. The firm's revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM Increases Dividend

The company also recently disclosed 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 represents a $1.04 dividend on an annualized basis and a yield of 0.91%. This is a positive change from AECOM's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, January 2nd. AECOM's dividend payout ratio (DPR) is 35.14%.

AECOM declared that its board has authorized a stock repurchase plan on Monday, November 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have issued reports on ACM shares. Barclays boosted their price target on shares of AECOM from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, August 8th. KeyCorp upped their target price on shares of AECOM from $115.00 to $122.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. 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 report on Friday, November 22nd. The Goldman Sachs Group assumed coverage on AECOM in a research report on Friday, November 22nd. They set a "buy" rating and a $130.00 price objective on the stock. Finally, Robert W. Baird lifted their target price on AECOM from $113.00 to $122.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, AECOM currently has an average rating of "Buy" and a consensus price target of $119.38.

Insider Buying and Selling at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total transaction of $4,890,416.00. Following the transaction, the chief financial officer now owns 31,228 shares of the company's stock, valued at $3,601,837.52. This represents a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by corporate insiders.

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.