Nilsine Partners LLC Increases Stock Position in AECOM (NYSE:ACM)

Nilsine Partners LLC raised its position in AECOM (NYSE:ACM) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,877 shares of the construction company’s stock after buying an additional 730 shares during the period. Nilsine Partners LLC’s holdings in AECOM were worth $1,589,000 at the end of the most recent quarter.

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

AECOM Stock Down 1.2 %

NYSE ACM opened at $105.42 on Wednesday. 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 52 week low of $82.23 and a 52 week high of $118.56. The business’s fifty day simple moving average is $110.31 and its 200-day simple moving average is $103.66. The firm has a market cap of $13.98 billion, a PE ratio of 35.61, a P/E/G ratio of 1.89 and a beta of 1.19.

AECOM (NYSE:ACM) last posted its earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share 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%. AECOM’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. As a group, equities analysts anticipate that AECOM will post 5.08 earnings per share for the current year.

AECOM Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were given a $0.26 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.99%. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is currently 35.14%.

AECOM declared that its Board of Directors has approved a stock repurchase program on Monday, November 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ACM. Robert W. Baird lifted their price objective on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Truist Financial lifted their price target on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. The Goldman Sachs Group assumed coverage on AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective for the company. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Finally, Citigroup increased their target price on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $119.25.

Insider Activity

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 31,228 shares of the company’s stock, valued at $3,601,837.52. This represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.42% of the company’s stock.

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.