Farther Finance Advisors LLC Acquires 302 Shares of AECOM (NYSE:ACM)

Farther Finance Advisors LLC increased its position in shares of AECOM (NYSE:ACM) by 54.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 853 shares of the construction company’s stock after purchasing an additional 302 shares during the quarter. Farther Finance Advisors LLC’s holdings in AECOM were worth $88,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ACM. Stephens Inc. AR bought a new position in AECOM during the third quarter worth about $238,000. US Bancorp DE increased its holdings in shares of AECOM by 4.4% during the 3rd quarter. US Bancorp DE now owns 7,301 shares of the construction company’s stock worth $754,000 after acquiring an additional 310 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in AECOM by 4.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,936 shares of the construction company’s stock valued at $406,000 after purchasing an additional 182 shares during the period. Trajan Wealth LLC boosted its holdings in AECOM by 8.6% in the 3rd quarter. Trajan Wealth LLC now owns 2,569 shares of the construction company’s stock valued at $265,000 after purchasing an additional 204 shares during the period. Finally, Avitas Wealth Management LLC raised its holdings in AECOM by 1.6% in the 3rd quarter. Avitas Wealth Management LLC now owns 18,829 shares of the construction company’s stock valued at $1,944,000 after acquiring an additional 292 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 transaction of $4,890,416.00. Following the transaction, the chief financial officer now owns 31,228 shares in the company, valued at $3,601,837.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

AECOM Stock Performance

Shares of NYSE ACM opened at $112.16 on Wednesday. AECOM has a 1-year low of $79.95 and a 1-year high of $115.74. The stock has a market cap of $15.04 billion, a price-to-earnings ratio of 60.30, a P/E/G ratio of 1.67 and a beta of 1.17. The stock’s 50-day moving average is $103.81 and its 200 day moving average is $95.31. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, October 2nd were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, October 2nd. This represents a $0.88 annualized dividend and a yield of 0.78%. AECOM’s payout ratio is 47.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ACM shares. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. KeyCorp upped their price target on shares of AECOM from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Citigroup increased their target price on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Robert W. Baird lifted their price objective on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Barclays lifted their price objective on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $113.29.

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.