Retirement Systems of Alabama Boosts Stake in AECOM (NYSE:ACM)

Retirement Systems of Alabama boosted its stake in shares of AECOM (NYSE:ACM) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,740 shares of the construction company’s stock after purchasing an additional 226 shares during the quarter. Retirement Systems of Alabama’s holdings in AECOM were worth $32,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ACM. Oddo BHF Asset Management Sas purchased a new position in shares of AECOM in the 3rd quarter worth approximately $2,928,000. Franklin Resources Inc. grew its holdings in AECOM by 1.5% in the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after purchasing an additional 91 shares during the last quarter. TD Private Client Wealth LLC acquired a new position in shares of AECOM during the third quarter worth $177,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of AECOM by 15.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 137,918 shares of the construction company’s stock valued at $14,243,000 after purchasing an additional 18,810 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of AECOM by 29.5% during the 3rd quarter. Toronto Dominion Bank now owns 17,986 shares of the construction company’s stock valued at $1,857,000 after purchasing an additional 4,102 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Insider Activity at AECOM

In other AECOM 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 owns 31,228 shares in the company, valued at approximately $3,601,837.52. This represents a 57.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.42% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on ACM shares. 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 note on Tuesday, November 19th. KeyCorp raised their price target on AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group started coverage on shares of AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective on the stock. Citigroup increased their price objective 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. Finally, StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM currently has a consensus rating of “Buy” and a consensus target price of $119.38.

AECOM Stock Performance

ACM opened at $111.52 on Friday. The firm has a 50 day moving average of $110.09 and a two-hundred day moving average of $98.69. The firm has a market capitalization of $14.77 billion, a PE ratio of 37.68, a P/E/G ratio of 1.92 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56.

AECOM (NYSE:ACM) last posted its quarterly 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 revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 earnings per share. On average, analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM declared that its board has initiated a stock repurchase plan on Monday, November 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.93%. This is a positive change from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, January 2nd. AECOM’s dividend payout ratio (DPR) is 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.