Pure Financial Advisors LLC Makes New $223,000 Investment in AECOM (NYSE:ACM)

Pure Financial Advisors LLC acquired a new stake in shares of AECOM (NYSE:ACM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,092 shares of the construction company’s stock, valued at approximately $223,000.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in AECOM during the third quarter valued at approximately $42,201,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of AECOM by 17.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock valued at $205,429,000 after purchasing an additional 289,513 shares in the last quarter. National Bank of Canada FI increased its position in AECOM by 1,847.8% in the third quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock worth $28,384,000 after purchasing an additional 260,746 shares during the last quarter. JPMorgan Chase & Co. raised its stake in AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after purchasing an additional 220,035 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in AECOM by 81.0% during the second quarter. AQR Capital Management LLC now owns 362,817 shares of the construction company’s stock valued at $31,979,000 after purchasing an additional 162,416 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Price Performance

Shares of ACM stock opened at $110.61 on Thursday. The company has a market capitalization of $14.67 billion, a P/E ratio of 37.37, a P/E/G ratio of 1.86 and a beta of 1.19. The company’s 50-day simple moving average is $110.36 and its two-hundred day simple moving average is $102.88. AECOM has a one year low of $82.23 and a one year 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) last issued its earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the company posted $1.01 EPS. AECOM’s revenue was up 4.9% on a year-over-year basis. As a group, equities analysts anticipate that AECOM will post 5.08 EPS for the current year.

AECOM announced that its board has initiated a stock repurchase program on Monday, November 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 6.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.94%. This is a positive change from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, January 2nd. AECOM’s dividend payout ratio (DPR) is 35.14%.

Insider Buying and Selling at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of the stock in a transaction on Wednesday, November 6th. The shares were 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 directly owns 31,228 shares of the company’s stock, valued at approximately $3,601,837.52. This represents a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. KeyCorp reduced their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Robert W. Baird lifted their target price on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. The Goldman Sachs Group initiated coverage on AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. Finally, Citigroup lifted their price objective 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. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has an average rating of “Buy” and a consensus price target of $119.25.

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.