Impact Partnership Wealth LLC Invests $326,000 in AECOM (NYSE:ACM)

Impact Partnership Wealth LLC acquired a new position in AECOM (NYSE:ACM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,049 shares of the construction company’s stock, valued at approximately $326,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. grew its position in AECOM by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after purchasing an additional 91 shares during the last quarter. PNC Financial Services Group Inc. grew its position in AECOM by 1.1% during the third quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock worth $977,000 after buying an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in AECOM by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after acquiring an additional 109 shares during the period. CIBC Asset Management Inc raised its holdings 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 acquiring an additional 132 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in shares of AECOM by 3.6% in the 4th quarter. Ballentine Partners LLC now owns 4,137 shares of the construction company’s stock worth $442,000 after acquiring an additional 145 shares during the period. Institutional investors own 85.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ACM. Robert W. Baird boosted their price objective on AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Citigroup increased their price objective on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. KeyCorp decreased their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Finally, The Goldman Sachs Group assumed coverage on AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective on the stock. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $119.25.

AECOM Price Performance

Shares of AECOM stock opened at $109.20 on Friday. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The firm’s 50-day moving average price is $110.43 and its two-hundred day moving average price is $103.10. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $14.48 billion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 1.89 and a beta of 1.19.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. On average, equities analysts predict that AECOM will post 5.08 earnings per share for the current fiscal year.

AECOM Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.95%. This is a positive change from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio is currently 35.14%.

AECOM declared 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 buy up to 6.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the stock in a transaction that occurred 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 $3,601,837.52. This represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.42% of the company’s stock.

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.