AECOM (NYSE:ACM) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC increased its position in shares of AECOM (NYSE:ACM) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,389 shares of the construction company’s stock after acquiring an additional 357 shares during the period. Empowered Funds LLC’s holdings in AECOM were worth $970,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ACM. CreativeOne Wealth LLC increased its holdings in AECOM by 3.4% during the 1st quarter. CreativeOne Wealth LLC now owns 3,423 shares of the construction company’s stock worth $336,000 after purchasing an additional 114 shares during the period. Fifth Third Bancorp increased its holdings in AECOM by 6.7% during the 2nd quarter. Fifth Third Bancorp now owns 1,808 shares of the construction company’s stock worth $159,000 after purchasing an additional 114 shares during the period. CIBC Asset Management Inc increased its holdings in AECOM by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock worth $408,000 after purchasing an additional 132 shares during the period. Assenagon Asset Management S.A. increased its holdings in AECOM by 4.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,102 shares of the construction company’s stock worth $273,000 after purchasing an additional 138 shares during the period. Finally, Nilsine Partners LLC increased its holdings in AECOM by 1.1% during the 2nd quarter. Nilsine Partners LLC now owns 13,981 shares of the construction company’s stock worth $1,232,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.

Insider Activity

In other news, CFO Gaurav Kapoor sold 42,400 shares of the firm’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 of the company’s stock, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ACM shares. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Barclays increased their price objective on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Royal Bank of Canada increased their price objective on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. The Goldman Sachs Group started coverage on AECOM in a report on Friday. They issued a “buy” rating and a $130.00 price objective on the stock. Finally, Truist Financial increased their price objective on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $119.38.

AECOM Stock Up 3.3 %

AECOM stock opened at $116.30 on Friday. AECOM has a twelve month low of $82.23 and a twelve month high of $116.76. The stock has a 50 day moving average of $105.79 and a two-hundred day moving average of $96.06. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $15.59 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 1.64 and a beta of 1.17.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. AECOM had a return on equity of 25.28% and a net margin of 2.50%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the firm earned $1.01 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, research analysts expect that AECOM will post 4.95 earnings per share for the current year.

AECOM declared that its board has authorized a stock repurchase plan on Monday, November 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be issued a $0.26 dividend. This is a boost from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, January 2nd. AECOM’s dividend payout ratio (DPR) is currently 29.73%.

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.