AECOM (NYSE:ACM) Shares Acquired by Nilsine Partners LLC

Nilsine Partners LLC increased its position in shares of AECOM (NYSE:ACM) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,877 shares of the construction company’s stock after acquiring an additional 730 shares during the period. Nilsine Partners LLC’s holdings in AECOM were worth $1,589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Mackenzie Financial Corp increased its stake in AECOM by 12.5% during the second quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company’s stock worth $936,000 after purchasing an additional 1,180 shares during the period. Magnus Financial Group LLC increased its stake in AECOM by 93.5% during the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock worth $519,000 after buying an additional 2,348 shares during the period. JPMorgan Chase & Co. lifted its holdings in AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after buying an additional 220,035 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted 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 worth $26,714,000 after buying an additional 12,224 shares in the last quarter. Finally, TT International Asset Management LTD purchased a new position in AECOM in the 4th quarter valued at approximately $3,578,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ACM. KeyCorp cut their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Citigroup upped their price target on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group started coverage on AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective for the company. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Finally, Truist Financial raised their target price on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM currently has an average rating of “Buy” and a consensus price target of $119.25.

Insider Activity at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of AECOM 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is owned by corporate insiders.

AECOM Trading Down 1.2 %

ACM opened at $105.42 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a one year low of $82.23 and a one year high of $118.56. The company has a market cap of $13.98 billion, a P/E ratio of 35.61, a PEG ratio of 1.89 and a beta of 1.19. The business’s 50-day simple moving average is $110.31 and its 200-day simple moving average is $103.66.

AECOM (NYSE:ACM) 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 company had revenue of $1.81 billion for the quarter, compared to analyst estimates 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 firm posted $1.01 earnings per share. As a group, equities research analysts expect that AECOM will post 5.08 EPS for the current fiscal year.

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This is a boost from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 0.99%. AECOM’s payout ratio is 35.14%.

AECOM declared that its board has initiated a share 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 stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.