Ninety One North America Inc. Has $11.51 Million Stock Position in AECOM (NYSE:ACM)

Ninety One North America Inc. lifted its position in shares of AECOM (NYSE:ACM) by 24.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 107,777 shares of the construction company’s stock after acquiring an additional 21,420 shares during the period. Ninety One North America Inc.’s holdings in AECOM were worth $11,513,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning raised its stake in AECOM by 4.3% in the second quarter. Creative Planning now owns 20,849 shares of the construction company’s stock valued at $1,838,000 after purchasing an additional 850 shares in the last quarter. Truist Financial Corp raised its stake in AECOM by 25.3% in the second quarter. Truist Financial Corp now owns 5,076 shares of the construction company’s stock valued at $447,000 after purchasing an additional 1,026 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in AECOM in the second quarter valued at about $426,000. Park Avenue Securities LLC acquired a new position in AECOM in the third quarter valued at about $270,000. Finally, GAMMA Investing LLC raised its stake in AECOM by 27.1% in the third quarter. GAMMA Investing LLC now owns 1,129 shares of the construction company’s stock valued at $117,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on ACM shares. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. KeyCorp decreased their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird decreased their target price on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday. Truist Financial lifted their target price on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Citigroup decreased their target price on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. 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 an average target price of $118.50.

AECOM Stock Performance

NYSE:ACM opened at $103.53 on Tuesday. The stock has a market cap of $13.73 billion, a P/E ratio of 34.90, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. 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’s 50-day moving average is $109.85 and its 200-day moving average is $103.99. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 25.46% and a net margin of 2.50%. Equities research analysts anticipate that AECOM will post 5.08 earnings per share for the current year.

AECOM Increases Dividend

The company also recently announced 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 represents a $1.04 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, January 2nd. AECOM’s dividend payout ratio is presently 35.14%.

AECOM declared that its Board of Directors has initiated a share repurchase plan on Monday, November 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of the company’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 completion of the sale, the chief financial officer now owns 31,228 shares in the company, 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 can be accessed through this link. 0.41% of the stock is owned by insiders.

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.