UMB Bank n.a. Acquires 320 Shares of AECOM (NYSE:ACM)

UMB Bank n.a. raised its stake in shares of AECOM (NYSE:ACM) by 82.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 708 shares of the construction company’s stock after purchasing an additional 320 shares during the quarter. UMB Bank n.a.’s holdings in AECOM were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of AECOM during the 3rd quarter worth approximately $42,201,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in AECOM by 17.0% during the third 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 acquiring an additional 289,513 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of AECOM by 1,847.8% during the third quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock valued at $28,384,000 after acquiring an additional 260,746 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of AECOM by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after purchasing an additional 220,035 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of AECOM by 81.0% in the 2nd quarter. AQR Capital Management LLC now owns 362,817 shares of the construction company’s stock worth $31,979,000 after purchasing an additional 162,416 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.

AECOM Stock Performance

ACM stock opened at $109.20 on Friday. The business’s fifty day moving average is $110.43 and its 200-day moving average is $103.10. The company has a market cap of $14.48 billion, a P/E ratio of 36.89, a price-to-earnings-growth ratio of 1.89 and a beta of 1.19. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.86 billion. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.01 earnings per share. Equities research analysts forecast that AECOM will post 5.08 EPS for the current year.

AECOM Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a boost from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is 35.14%.

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group started coverage on shares of AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective on the stock. Citigroup lifted their price objective on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. KeyCorp cut their price target on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird increased their price objective on shares of AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM has an average 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 business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total value of $4,890,416.00. Following the sale, the chief financial officer now directly owns 31,228 shares of the company’s stock, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is owned by 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.