Forsta AP Fonden Purchases 53,100 Shares of AECOM (NYSE:ACM)

Forsta AP Fonden increased its position in shares of AECOM (NYSE:ACM) by 204.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,100 shares of the construction company’s stock after acquiring an additional 53,100 shares during the period. Forsta AP Fonden owned approximately 0.06% of AECOM worth $8,449,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of AECOM in the third quarter worth $42,201,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in AECOM by 17.0% in 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 acquiring an additional 289,513 shares during the last quarter. National Bank of Canada FI increased its stake in AECOM by 1,847.8% in the 3rd quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock worth $28,384,000 after acquiring an additional 260,746 shares during the last quarter. JPMorgan Chase & Co. raised its holdings 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 acquiring an additional 220,035 shares in the last quarter. Finally, Verition Fund Management LLC boosted its position in shares of AECOM by 293.7% during the 3rd quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company’s stock valued at $18,651,000 after acquiring an additional 134,730 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 transaction of $4,890,416.00. Following the completion of the transaction, the chief financial officer now 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 Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Citigroup lowered their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday. Truist Financial upped their target price 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 lowered their price target on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Robert W. Baird upped 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. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $119.13.

AECOM Stock Performance

Shares of ACM stock opened at $105.62 on Friday. The company has a market capitalization of $14.01 billion, a P/E ratio of 35.68, a PEG ratio of 1.89 and a beta of 1.19. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50 day moving average price of $110.07 and a two-hundred day moving average price of $103.68.

AECOM (NYSE:ACM) last announced its quarterly 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. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the company posted $1.01 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts expect that AECOM will post 5.08 earnings per share for the current year.

AECOM declared that its Board of Directors has initiated a stock repurchase plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.26 per share. This is a positive change from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.98%. AECOM’s dividend payout ratio is presently 35.14%.

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.