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

Forsta AP Fonden raised its holdings in shares of AECOM (NYSE:ACM) by 204.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,100 shares of the construction company’s stock after purchasing an additional 53,100 shares during the period. Forsta AP Fonden’s holdings in AECOM were worth $8,449,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC increased its position in AECOM by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company’s stock valued at $233,918,000 after buying an additional 14,511 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AECOM by 17.0% during the third 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 valued at $205,429,000 after acquiring an additional 289,513 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 worth $79,339,000 after purchasing an additional 220,035 shares during the last quarter. Citigroup Inc. boosted its stake in AECOM by 5.7% in the 3rd quarter. Citigroup Inc. now owns 585,174 shares of the construction company’s stock worth $60,431,000 after purchasing an additional 31,299 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in AECOM during the 3rd quarter valued at about $42,201,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Citigroup decreased their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday. Robert W. Baird upped their price objective on AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. KeyCorp reduced their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Finally, Truist Financial lifted their price objective on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $119.13.

Insider Buying and Selling at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of the business’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 directly owns 31,228 shares in the company, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.42% of the stock is currently owned by corporate insiders.

AECOM Stock Up 1.0 %

ACM stock opened at $105.62 on Friday. The business’s 50-day moving average is $110.07 and its two-hundred day moving average is $103.68. The company has a market cap of $14.01 billion, a price-to-earnings ratio of 35.68, a P/E/G 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.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $1.01 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, analysts forecast that AECOM will post 5.08 earnings per share for the current year.

AECOM Increases Dividend

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

AECOM declared that its board has authorized a share buyback program 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 programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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.