AECOM (NYSE:ACM) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd lifted its holdings in AECOM (NYSE:ACM) by 75.6% in the third quarter, Holdings Channel reports. The firm owned 4,817 shares of the construction company’s stock after buying an additional 2,074 shares during the period. XTX Topco Ltd’s holdings in AECOM were worth $497,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACM. Ninety One UK Ltd acquired a new stake in AECOM in the second quarter worth about $46,109,000. International Assets Investment Management LLC purchased a new position in shares of AECOM in the 3rd quarter valued at approximately $42,201,000. DekaBank Deutsche Girozentrale boosted its stake in AECOM by 67.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 808,192 shares of the construction company’s stock worth $71,897,000 after purchasing an additional 326,423 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in AECOM by 17.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock worth $205,429,000 after purchasing an additional 289,513 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in AECOM by 1,847.8% during the 3rd quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock valued at $28,384,000 after purchasing an additional 260,746 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on ACM. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. The Goldman Sachs Group began coverage on AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target for the company. Robert W. Baird increased their price objective on AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Truist Financial lifted their target price on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Citigroup increased their price target on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $119.38.

AECOM Trading Down 0.5 %

AECOM stock opened at $111.52 on Friday. 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 firm has a market cap of $14.77 billion, a PE ratio of 37.68, a P/E/G ratio of 1.92 and a beta of 1.17. The stock’s 50 day simple moving average is $110.09 and its two-hundred day simple moving average is $98.69. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56.

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

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.93%. 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 currently 29.73%.

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

Insider Buying and Selling

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 stock was sold at an average price of $115.34, for a total value 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. The trade was a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.42% of the stock is currently owned by insiders.

AECOM 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.