16,380 Shares in AECOM (NYSE:ACM) Acquired by Weiss Asset Management LP

Weiss Asset Management LP bought a new position in shares of AECOM (NYSE:ACM - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,380 shares of the construction company's stock, valued at approximately $1,692,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in AECOM by 1.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company's stock valued at $977,000 after acquiring an additional 103 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of AECOM by 6.7% during the second quarter. Fifth Third Bancorp now owns 1,808 shares of the construction company's stock worth $159,000 after purchasing an additional 114 shares during the period. CIBC Asset Management Inc grew its position in AECOM by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company's stock valued at $408,000 after buying an additional 132 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in AECOM by 4.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,102 shares of the construction company's stock valued at $273,000 after buying an additional 138 shares during the period. Finally, Nilsine Partners LLC raised its position in AECOM by 1.1% during the 2nd quarter. Nilsine Partners LLC now owns 13,981 shares of the construction company's stock worth $1,232,000 after buying an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company's stock.

Insider Activity at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 approximately $3,601,837.52. The trade was a 57.59 % decrease in their position. The transaction 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 corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ACM. Citigroup boosted their price target on shares of AECOM from $110.00 to $128.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Robert W. Baird boosted 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. The Goldman Sachs Group started 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. KeyCorp lifted their price target on AECOM from $115.00 to $122.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Finally, Truist Financial increased their price objective on AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM currently has a consensus rating of "Buy" and a consensus target price of $119.38.

AECOM Price Performance

AECOM stock traded down $0.47 during trading hours on Friday, hitting $113.75. The stock had a trading volume of 397,579 shares, compared to its average volume of 1,030,294. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The stock has a market capitalization of $15.07 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 1.95 and a beta of 1.17. The stock's fifty day moving average is $109.15 and its two-hundred day moving average is $97.94. 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 issued its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.86 billion. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The firm's revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 EPS. As a group, analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM declared that its board has approved a stock buyback plan on Monday, November 18th that allows the company to repurchase $1.00 billion in 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 management believes its stock is undervalued.

AECOM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be given a dividend of $0.26 per share. This is an increase from AECOM's previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, January 2nd. AECOM's payout ratio is currently 29.73%.

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.