Vinva Investment Management Ltd Has $3.89 Million Holdings in AECOM (NYSE:ACM)

Vinva Investment Management Ltd grew its position in AECOM (NYSE:ACM - Free Report) by 18.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,688 shares of the construction company's stock after acquiring an additional 5,852 shares during the quarter. Vinva Investment Management Ltd's holdings in AECOM were worth $3,891,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA bought a new stake in shares of AECOM in the 3rd quarter worth approximately $30,000. Family Firm Inc. bought a new position in shares of AECOM during the 2nd quarter worth approximately $31,000. UMB Bank n.a. lifted its position in shares of 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. bought a new position in shares of AECOM during the 3rd quarter worth approximately $50,000. Finally, Versant Capital Management Inc lifted its position in shares of AECOM by 4,375.0% during the 2nd quarter. Versant Capital Management Inc now owns 537 shares of the construction company's stock worth $47,000 after buying an additional 525 shares during the period. Institutional investors own 85.41% of the company's stock.

AECOM Trading Up 0.2 %

Shares of NYSE ACM traded up $0.27 during midday trading on Friday, hitting $117.01. The stock had a trading volume of 422,321 shares, compared to its average volume of 807,109. The company's 50-day simple moving average is $107.91 and its 200 day simple moving average is $97.04. The firm has a market cap of $15.50 billion, a P/E ratio of 39.53, a price-to-earnings-growth ratio of 1.99 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.

AECOM (NYSE:ACM - Get Free Report) last released its 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 company had revenue of $1.81 billion during the quarter, compared to analysts' expectations 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 period last year, the firm earned $1.01 EPS. Research analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM announced that its Board of Directors has approved a share repurchase program on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

AECOM Increases Dividend

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

Insider Activity

In related news, CFO Gaurav Kapoor sold 42,400 shares of AECOM 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 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. The trade was a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays raised 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. Royal Bank of Canada raised their target price on AECOM from $112.00 to $113.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Robert W. Baird raised their target price on AECOM from $113.00 to $122.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Citigroup lifted their price objective on AECOM from $110.00 to $128.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, StockNews.com upgraded AECOM from a "hold" rating to a "buy" rating in a research report on Sunday, October 27th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target 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.