State Street Corp Has $517.45 Million Stock Position in AECOM (NYSE:ACM)

State Street Corp lessened its holdings in AECOM (NYSE:ACM - Free Report) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,010,656 shares of the construction company's stock after selling 9,336 shares during the quarter. State Street Corp owned 3.74% of AECOM worth $517,450,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ACM. Stifel Financial Corp increased its stake in AECOM by 5.7% in the third quarter. Stifel Financial Corp now owns 13,287 shares of the construction company's stock valued at $1,372,000 after acquiring an additional 719 shares during the period. Quantinno Capital Management LP lifted its position in shares of AECOM by 61.9% during the 3rd quarter. Quantinno Capital Management LP now owns 26,272 shares of the construction company's stock worth $2,713,000 after buying an additional 10,045 shares during the period. Quarry LP bought a new position in shares of AECOM during the 3rd quarter worth approximately $84,000. Parallax Volatility Advisers L.P. bought a new stake in AECOM in the third quarter valued at $783,000. Finally, Integrated Wealth Concepts LLC grew its position in AECOM by 14.8% in the third quarter. Integrated Wealth Concepts LLC now owns 2,681 shares of the construction company's stock valued at $277,000 after acquiring an additional 346 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Stock Down 1.1 %

ACM traded down $1.23 during trading on Monday, hitting $112.52. The company had a trading volume of 607,184 shares, compared to its average volume of 804,011. The firm's 50-day moving average price is $109.15 and its 200 day moving average price is $98.01. The company has a market capitalization of $14.90 billion, a PE ratio of 38.43, a PEG ratio of 1.93 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03. AECOM has a one year low of $82.23 and a one year high of $118.56.

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 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 company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the company earned $1.01 EPS. AECOM's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders 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 dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from AECOM's previous quarterly dividend of $0.22. AECOM's dividend payout ratio (DPR) is 29.73%.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on ACM shares. The Goldman Sachs Group assumed coverage on shares of AECOM in a research note on Friday, November 22nd. They issued a "buy" rating and a $130.00 target price on the stock. Citigroup lifted their target price on shares of AECOM from $110.00 to $128.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. KeyCorp increased their price target on AECOM from $115.00 to $122.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Truist Financial raised their target price on AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Finally, Robert W. Baird increased their price objective on shares of AECOM from $113.00 to $122.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of $119.38.

Insider Activity

In other news, CFO Gaurav Kapoor sold 42,400 shares of the firm'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 completion of the sale, the chief financial officer now directly owns 31,228 shares of the company's stock, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.42% of the stock is owned by 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.