Northwest & Ethical Investments L.P. Grows Position in AECOM (NYSE:ACM)

Northwest & Ethical Investments L.P. lifted its position in shares of AECOM (NYSE:ACM) by 17.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,741 shares of the construction company’s stock after purchasing an additional 10,415 shares during the quarter. Northwest & Ethical Investments L.P. owned 0.05% of AECOM worth $7,202,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ACM. Private Trust Co. NA acquired a new stake in AECOM during the third quarter valued at $30,000. Family Firm Inc. purchased a new stake in shares of AECOM during the 2nd quarter worth about $31,000. UMB Bank n.a. grew its position in shares of AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after acquiring an additional 257 shares during the period. Versant Capital Management Inc increased its stake in shares of AECOM by 4,375.0% in the 2nd quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock valued at $47,000 after purchasing an additional 525 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in AECOM in the 3rd quarter worth about $50,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total value of $4,890,416.00. Following the transaction, the chief financial officer now directly owns 31,228 shares in the company, valued at $3,601,837.52. The trade was a 57.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ACM has been the topic of several research analyst reports. Truist Financial raised their price objective on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Royal Bank of Canada upped their price objective on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group started coverage on shares of AECOM in a research report on Friday, November 22nd. They issued a “buy” rating and a $130.00 target price on the stock. Finally, Robert W. Baird upped their price target on shares of AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has an average rating of “Buy” and a consensus target price of $119.38.

AECOM Stock Performance

NYSE:ACM opened at $116.74 on Friday. The company has a market cap of $15.46 billion, a P/E ratio of 39.44, a P/E/G ratio of 1.99 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’s 50-day moving average price is $107.60 and its 200-day moving average price is $96.87. 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 (NYSE:ACM) last released its 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. The business 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 business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. On average, sell-side analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

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

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be issued a $0.26 dividend. This is a boost from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, January 2nd. AECOM’s dividend payout ratio is presently 35.14%.

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.