True Wealth Design LLC Has $31,000 Stock Holdings in AECOM (NYSE:ACM)

True Wealth Design LLC lifted its stake in shares of AECOM (NYSE:ACM) by 4,242.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 304 shares of the construction company’s stock after purchasing an additional 297 shares during the quarter. True Wealth Design LLC’s holdings in AECOM were worth $31,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA bought a new stake in AECOM during the third quarter worth about $30,000. Family Firm Inc. bought a new stake in shares of AECOM during the 2nd quarter worth approximately $31,000. UMB Bank n.a. boosted its position in shares of AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after acquiring an additional 257 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new position in AECOM in the third quarter valued at approximately $50,000. Finally, Versant Capital Management Inc increased its stake in AECOM by 4,375.0% in the second quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock valued at $47,000 after acquiring an additional 525 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.

AECOM Stock Up 0.2 %

NYSE:ACM opened at $116.97 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13. AECOM has a one year low of $82.23 and a one year high of $118.56. The firm’s 50 day simple moving average is $107.91 and its 200 day simple moving average is $97.12. The company has a market cap of $15.49 billion, a PE ratio of 39.52, a P/E/G ratio of 1.99 and a beta of 1.17.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates 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%. AECOM’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 earnings per share. On average, research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, January 2nd. This is a positive change from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is 29.73%.

AECOM declared that its board has initiated a stock repurchase plan on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ACM shares. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Barclays raised their price objective on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Robert W. Baird boosted their target price on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Royal Bank of Canada raised their price target on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Citigroup lifted their price target on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Nine analysts have rated the stock with a buy rating, According to MarketBeat, AECOM presently has a consensus rating of “Buy” and a consensus price target of $119.38.

Insider Activity

In other news, CFO Gaurav Kapoor sold 42,400 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total value of $4,890,416.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.42% of the company’s stock.

About AECOM

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.