AECOM (NYSE:ACM) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in AECOM (NYSE:ACM - Free Report) by 17.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,989,238 shares of the construction company's stock after purchasing an additional 289,513 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.48% of AECOM worth $205,429,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp raised its holdings in shares of AECOM by 12.5% during the 2nd quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company's stock worth $936,000 after acquiring an additional 1,180 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in AECOM by 7.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 87,301 shares of the construction company's stock valued at $8,564,000 after buying an additional 6,003 shares during the period. SG Americas Securities LLC raised its holdings in AECOM by 24.3% during the 2nd quarter. SG Americas Securities LLC now owns 203,281 shares of the construction company's stock valued at $17,917,000 after buying an additional 39,801 shares during the period. Swedbank AB raised its holdings in AECOM by 13.6% during the 2nd quarter. Swedbank AB now owns 72,823 shares of the construction company's stock valued at $6,419,000 after buying an additional 8,694 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in AECOM by 5.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company's stock valued at $26,714,000 after buying an additional 12,224 shares during the period. 85.41% of the stock is currently owned by institutional investors.

AECOM Stock Up 0.2 %

Shares of AECOM stock traded up $0.23 during trading on Friday, hitting $116.97. 422,323 shares of the stock traded hands, compared to its average volume of 1,026,385. The firm has a market cap of $15.49 billion, a P/E ratio of 39.52, a price-to-earnings-growth ratio of 1.99 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 52-week low of $82.23 and a 52-week high of $118.56. The stock's fifty day simple moving average is $107.91 and its 200 day simple moving average is $97.08.

AECOM (NYSE:ACM - Get Free Report) last announced 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 firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. On average, equities analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM announced that its board has approved a share buyback program on Monday, November 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to buy up to 6.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, January 2nd. This is a positive change from AECOM's previous quarterly dividend of $0.22. AECOM's payout ratio is 29.73%.

Insider Buying and Selling at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the business'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 sale, the chief financial officer now owns 31,228 shares in the company, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ACM. The Goldman Sachs Group began coverage on AECOM in a report on Friday, November 22nd. They set a "buy" rating and a $130.00 price target on the stock. Citigroup lifted their target price on AECOM from $110.00 to $128.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Truist Financial lifted their target price on AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. StockNews.com upgraded AECOM from a "hold" rating to a "buy" rating in a research report on Sunday, October 27th. Finally, Barclays lifted their target price on AECOM from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday, August 8th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $119.38.

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.