AECOM (NYSE:ACM) Shares Purchased by Custom Index Systems LLC

Custom Index Systems LLC grew its position in shares of AECOM (NYSE:ACM) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,673 shares of the construction company’s stock after acquiring an additional 416 shares during the quarter. Custom Index Systems LLC’s holdings in AECOM were worth $1,033,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ACM. Franklin Resources Inc. grew its holdings in shares of AECOM by 1.5% during 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 period. PNC Financial Services Group Inc. grew its stake 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 during the period. Wealth Enhancement Advisory Services LLC grew 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 worth $809,000 after buying an additional 109 shares during the period. CIBC Asset Management Inc increased its position in shares of AECOM by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock worth $408,000 after acquiring an additional 132 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake 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 valued at $442,000 after acquiring an additional 145 shares during the period. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Gaurav Kapoor sold 42,400 shares of the firm’s 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 transaction, the chief financial officer now directly owns 31,228 shares in the company, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

AECOM Price Performance

Shares of NYSE ACM opened at $105.57 on Friday. The business has a 50 day moving average price of $109.85 and a two-hundred day moving average price of $103.81. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The firm has a market cap of $14.00 billion, a PE ratio of 35.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.19. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 earnings per share. Sell-side analysts expect that AECOM will post 5.08 earnings per share for the current fiscal year.

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

AECOM Increases Dividend

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

Analysts Set New Price Targets

ACM has been the subject of a number of research reports. The Goldman Sachs Group started coverage on shares of AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target for the company. Robert W. Baird upped 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. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. KeyCorp reduced their price target on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Truist Financial increased their price objective on shares of AECOM from $119.00 to $129.00 and gave the company 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, the stock presently has an average rating of “Buy” and a consensus target price of $119.13.

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.