Trust Point Inc. Buys 1,211 Shares of AECOM (NYSE:ACM)

Trust Point Inc. raised its holdings in AECOM (NYSE:ACM) by 62.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,154 shares of the construction company’s stock after buying an additional 1,211 shares during the period. Trust Point Inc.’s holdings in AECOM were worth $337,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ACM. Truist Financial Corp grew its position in AECOM by 25.3% in the 2nd quarter. Truist Financial Corp now owns 5,076 shares of the construction company’s stock valued at $447,000 after acquiring an additional 1,026 shares during the last quarter. Sanctuary Advisors LLC bought a new position in AECOM in the 2nd quarter valued at $426,000. Park Avenue Securities LLC bought a new position in AECOM in the 3rd quarter valued at $270,000. GAMMA Investing LLC grew its position in AECOM by 27.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,129 shares of the construction company’s stock valued at $117,000 after acquiring an additional 241 shares during the last quarter. Finally, Brookstone Capital Management bought a new position in AECOM in the 3rd quarter valued at $205,000. Institutional investors own 85.41% of the company’s stock.

AECOM Trading Up 0.9 %

Shares of NYSE ACM opened at $105.07 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $13.94 billion, a P/E ratio of 35.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The business has a fifty day moving average price of $109.11 and a 200 day moving average price of $104.20.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share 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 expect that AECOM will post 5.08 EPS for the current fiscal year.

AECOM announced that its board has approved 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 purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a $0.26 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is 35.14%.

Analysts Set New Price Targets

Several brokerages have commented on ACM. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. The Goldman Sachs Group assumed coverage on AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. Robert W. Baird dropped their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday. KeyCorp dropped 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 target on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $118.50.

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.