7,585 Shares in AECOM (NYSE:ACM) Purchased by Parallax Volatility Advisers L.P.

Parallax Volatility Advisers L.P. purchased a new stake in AECOM (NYSE:ACM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,585 shares of the construction company’s stock, valued at approximately $783,000.

Several other large investors have also recently bought and sold shares of ACM. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of AECOM by 5.5% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company’s stock worth $206,176,000 after acquiring an additional 122,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in AECOM by 17.0% during the 3rd 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 buying an additional 289,513 shares during the period. Impax Asset Management Group plc lifted its holdings in shares of AECOM by 15.5% during the second quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock worth $154,464,000 after buying an additional 235,350 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of AECOM by 18.8% in the second quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock valued at $143,573,000 after acquiring an additional 258,250 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of AECOM by 67.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 808,192 shares of the construction company’s stock valued at $71,897,000 after acquiring an additional 326,423 shares in the last quarter. 85.41% of the stock is owned by institutional investors.

Insider Transactions at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of the company’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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ACM has been the subject of several analyst reports. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Truist Financial upped their price objective on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. KeyCorp raised their target price on shares of AECOM from $115.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Citigroup upped their price target on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group began coverage on shares of AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective on the stock. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $119.38.

AECOM Trading Down 0.6 %

NYSE ACM opened at $114.22 on Friday. The company has a market cap of $15.13 billion, a price-to-earnings ratio of 38.59, a price-to-earnings-growth ratio of 1.95 and a beta of 1.17. AECOM has a twelve month low of $82.23 and a twelve month 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 business’s fifty day moving average is $108.94 and its 200 day moving average is $97.72.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.86 billion. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 earnings per share. As a group, sell-side analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM announced that its board has authorized 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 repurchase up to 6.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership 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 paid a dividend of $0.26 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.91%. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio (DPR) is presently 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.