AECOM (NYSE:ACM) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in shares of AECOM (NYSE:ACM) by 23.2% in the fourth quarter, Holdings Channel reports. The firm owned 72,577 shares of the construction company’s stock after acquiring an additional 13,648 shares during the period. Nisa Investment Advisors LLC’s holdings in AECOM were worth $7,753,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of AECOM by 9.0% in the second quarter. American Century Companies Inc. now owns 14,927 shares of the construction company’s stock worth $1,316,000 after acquiring an additional 1,234 shares in the last quarter. XTX Topco Ltd acquired a new stake in AECOM in the 2nd quarter valued at $242,000. AE Wealth Management LLC raised its position in AECOM by 9.7% in the second quarter. AE Wealth Management LLC now owns 2,501 shares of the construction company’s stock valued at $220,000 after purchasing an additional 221 shares during the period. Sei Investments Co. lifted its stake in shares of AECOM by 6.4% during the second quarter. Sei Investments Co. now owns 152,973 shares of the construction company’s stock worth $13,483,000 after purchasing an additional 9,220 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of AECOM by 60.5% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 26,051 shares of the construction company’s stock worth $2,296,000 after purchasing an additional 9,815 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Up 0.8 %

Shares of AECOM stock opened at $109.20 on Friday. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The company has a market capitalization of $14.48 billion, a P/E ratio of 36.89, a PEG ratio of 1.89 and a beta of 1.19. The business’s fifty day moving average price is $110.43 and its two-hundred day moving average price is $103.10. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13.

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

AECOM Increases Dividend

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

AECOM declared that its board has authorized a share buyback plan on Monday, November 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Truist Financial raised their target price on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Robert W. Baird lifted their price target on shares of AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. KeyCorp cut their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group started coverage on AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 target price for the company. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $119.25.

Insiders Place Their Bets

In other news, CFO Gaurav Kapoor sold 42,400 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 31,228 shares of the company’s stock, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.42% of the stock is currently owned by company insiders.

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.