Tidal Investments LLC Has $673,000 Position in AECOM (NYSE:ACM)

Tidal Investments LLC lowered its stake in shares of AECOM (NYSE:ACM - Free Report) by 50.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,519 shares of the construction company's stock after selling 6,631 shares during the period. Tidal Investments LLC's holdings in AECOM were worth $673,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Private Trust Co. NA bought a new stake in AECOM in the 3rd quarter valued at $30,000. Family Firm Inc. bought a new stake in AECOM in the second quarter valued at about $31,000. True Wealth Design LLC raised its position in 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 purchasing an additional 297 shares in the last quarter. UMB Bank n.a. raised its position in AECOM by 196.2% in the third quarter. UMB Bank n.a. now owns 388 shares of the construction company's stock worth $40,000 after purchasing an additional 257 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new position in AECOM during the third quarter worth about $50,000. Institutional investors own 85.41% of the company's stock.

Insider Activity at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is owned by insiders.

AECOM Trading Up 0.9 %

Shares of NYSE ACM traded up $0.95 during midday trading on Friday, hitting $107.99. The stock had a trading volume of 2,456,707 shares, compared to its average volume of 809,972. The firm has a market cap of $14.30 billion, a P/E ratio of 36.48, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. 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 company's 50-day simple moving average is $110.45 and its 200 day simple moving average is $99.66.

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

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

AECOM Increases Dividend

The firm also recently disclosed 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. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, January 2nd. This is a boost from AECOM's previous quarterly dividend of $0.22. AECOM's payout ratio is 35.14%.

Analyst Ratings Changes

Several research firms have recently weighed in on ACM. The Goldman Sachs Group began 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. KeyCorp increased 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. Robert W. Baird boosted their target price on shares of AECOM from $113.00 to $122.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Citigroup upped their target price on shares of AECOM from $110.00 to $128.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, Truist Financial lifted their price target on shares of AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM has a consensus rating of "Buy" and a consensus target price of $119.38.

AECOM 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.