TT International Asset Management LTD Buys New Stake in AECOM (NYSE:ACM)

TT International Asset Management LTD bought a new stake in shares of AECOM (NYSE:ACM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 33,501 shares of the construction company's stock, valued at approximately $3,578,000. AECOM makes up 0.5% of TT International Asset Management LTD's portfolio, making the stock its 23rd biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Private Trust Co. NA purchased a new stake in shares of AECOM during the third quarter valued at approximately $30,000. True Wealth Design LLC grew 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 valued at $31,000 after purchasing an additional 297 shares in the last quarter. UMB Bank n.a. increased its stake in AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company's stock worth $40,000 after buying an additional 257 shares during the period. Kathleen S. Wright Associates Inc. purchased a new stake in AECOM during the 3rd quarter worth $50,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in AECOM in the 3rd quarter worth $59,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Stock Performance

ACM traded up $2.52 during trading hours on Monday, hitting $108.39. 1,233,836 shares of the stock were exchanged, compared to its average volume of 811,940. 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 12 month low of $82.23 and a 12 month high of $118.56. The stock has a 50-day simple moving average of $110.65 and a 200-day simple moving average of $101.72. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 36.62, a price-to-earnings-growth ratio of 1.92 and a beta of 1.19.

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

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. This is a boost from AECOM's previous quarterly dividend of $0.22. The ex-dividend date is Thursday, January 2nd. AECOM's dividend payout ratio is presently 35.14%.

AECOM announced that its Board of Directors has authorized a stock buyback plan on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. KeyCorp lowered their target price on AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Robert W. Baird raised their price objective on AECOM from $113.00 to $122.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. StockNews.com raised AECOM from a "hold" rating to a "buy" rating in a research report on Sunday, October 27th. The Goldman Sachs Group initiated coverage on AECOM in a research note on Friday, November 22nd. They set a "buy" rating and a $130.00 target price for the company. Finally, Truist Financial lifted their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $119.25.

Insider Buying and Selling

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the stock in a transaction 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.42% of the company's stock.

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.