AECOM (NYSE:ACM) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. raised its stake in shares of AECOM (NYSE:ACM) by 17.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,741 shares of the construction company’s stock after acquiring an additional 10,415 shares during the period. Northwest & Ethical Investments L.P.’s holdings in AECOM were worth $7,202,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Private Trust Co. NA purchased a new position in shares of AECOM during the 3rd quarter worth approximately $30,000. Family Firm Inc. acquired a new position in AECOM during the second quarter worth $31,000. UMB Bank n.a. boosted its position in shares of AECOM by 196.2% during the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after buying an additional 257 shares during the period. Versant Capital Management Inc grew its stake in shares of 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 buying an additional 525 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of AECOM in the 3rd quarter valued at $50,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AECOM

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 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. The trade was a 57.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ACM has been the subject of a number of research analyst reports. Truist Financial raised their target price on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Royal Bank of Canada lifted their price objective on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Barclays raised their price target on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, Robert W. Baird upped their price objective on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $119.38.

AECOM Price Performance

Shares of ACM opened at $116.74 on Friday. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 1.99 and a beta of 1.17. The firm’s fifty day simple moving average is $107.60 and its 200-day simple moving average is $96.87. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.86 billion. AECOM had a return on equity of 25.46% and a net margin of 2.50%. AECOM’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. Equities analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM announced that its Board of Directors has approved a stock buyback program on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

AECOM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.26 per share. This is a boost from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.04 annualized dividend and a yield of 0.89%. AECOM’s payout ratio is presently 35.14%.

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.