RTD Financial Advisors Inc. Buys New Stake in AECOM (NYSE:ACM)

RTD Financial Advisors Inc. purchased a new position in AECOM (NYSE:ACM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,116 shares of the construction company’s stock, valued at approximately $226,000.

Several other hedge funds have also bought and sold shares of the stock. Private Trust Co. NA purchased a new position in shares of AECOM in the 3rd quarter worth $30,000. True Wealth Design LLC raised its holdings in AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after buying an additional 297 shares during the period. UMB Bank n.a. raised its holdings in AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after buying an additional 257 shares during the period. Kathleen S. Wright Associates Inc. bought a new stake in AECOM in the third quarter worth $50,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in AECOM during the third quarter worth $59,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ACM shares. Truist Financial raised their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. KeyCorp cut their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird raised their price target on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Citigroup upped their price objective on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM currently has an average rating of “Buy” and a consensus target price of $119.25.

Insider Activity 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 directly owns 31,228 shares in the company, valued at $3,601,837.52. This represents a 57.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.42% of the stock is currently owned by corporate insiders.

AECOM Trading Up 0.8 %

Shares of NYSE ACM opened at $109.20 on Friday. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The firm has a market cap of $14.48 billion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 1.89 and a beta of 1.19. The business has a fifty day simple moving average of $110.43 and a two-hundred day simple moving average of $103.25. 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 data on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.03. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the company posted $1.01 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that AECOM will post 5.08 earnings per share for the current fiscal year.

AECOM Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, January 2nd. This is an increase from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.95%. AECOM’s dividend payout ratio (DPR) is currently 35.14%.

AECOM announced that its board has approved a stock buyback plan on Monday, November 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to purchase up to 6.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

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.