GAMMA Investing LLC Buys 399 Shares of AECOM (NYSE:ACM)

GAMMA Investing LLC lifted its stake in shares of AECOM (NYSE:ACM) by 35.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,528 shares of the construction company’s stock after purchasing an additional 399 shares during the quarter. GAMMA Investing LLC’s holdings in AECOM were worth $163,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in ACM. Private Trust Co. NA purchased a new position in AECOM during the 3rd quarter valued at about $30,000. True Wealth Design LLC boosted its position in shares of AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after acquiring an additional 297 shares during the period. UMB Bank n.a. grew its stake in AECOM by 196.2% during the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after acquiring an additional 257 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in AECOM during the third quarter valued at approximately $50,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in AECOM during the 3rd quarter worth approximately $59,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Up 0.0 %

Shares of NYSE ACM opened at $107.18 on Thursday. The stock has a market capitalization of $14.20 billion, a P/E ratio of 36.21, a PEG ratio of 1.92 and a beta of 1.19. AECOM has a one year low of $82.23 and a one year high of $118.56. The firm’s 50 day simple moving average is $110.69 and its two-hundred day simple moving average is $101.36. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13.

AECOM (NYSE:ACM) last released its earnings results 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 net margin of 2.50% and a return on equity of 25.46%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 EPS. As a group, analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Increases Dividend

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

AECOM declared that its Board of Directors has approved a stock repurchase 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 usually an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

ACM has been the subject of several analyst reports. Truist Financial raised their price target on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Robert W. Baird boosted their target price on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Citigroup upped their target price on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group assumed 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. Finally, StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target 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 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 directly owns 31,228 shares in the company, valued at $3,601,837.52. This represents a 57.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.42% of the stock is currently owned by company insiders.

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.