Wellington Management Group LLP Grows Stake in AECOM (NYSE:ACM)

Wellington Management Group LLP grew its holdings in AECOM (NYSE:ACM) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,999 shares of the construction company’s stock after acquiring an additional 546 shares during the quarter. Wellington Management Group LLP’s holdings in AECOM were worth $1,239,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ACM. PNC Financial Services Group Inc. boosted its stake in AECOM by 1.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock worth $977,000 after purchasing an additional 103 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of AECOM by 6.7% during the second quarter. Fifth Third Bancorp now owns 1,808 shares of the construction company’s stock valued at $159,000 after buying an additional 114 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of AECOM by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock valued at $408,000 after acquiring an additional 132 shares during the period. Assenagon Asset Management S.A. raised its stake in AECOM by 4.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,102 shares of the construction company’s stock worth $273,000 after acquiring an additional 138 shares during the last quarter. Finally, Nilsine Partners LLC lifted its position 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 acquiring an additional 152 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Insider Buying and Selling at AECOM

In other AECOM 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 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 approximately $3,601,837.52. The trade was a 57.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.42% of the company’s stock.

AECOM Price Performance

NYSE:ACM opened at $107.04 on Friday. The stock has a market capitalization of $14.18 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03. The stock’s 50-day moving average price is $110.41 and its 200-day moving average price is $99.31.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, beating the consensus estimate 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 return on equity of 25.46% and a net margin of 2.50%. AECOM’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $1.01 earnings per share. As a group, equities analysts expect 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 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 stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

AECOM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, January 2nd. This is a boost from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. AECOM’s dividend payout ratio is currently 35.14%.

Analyst Ratings Changes

Several research analysts have recently issued reports on ACM shares. Truist Financial raised their price objective on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Citigroup increased their price objective on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Robert W. Baird boosted their target price on shares of AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, 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 on the stock. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $119.38.

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.