AECOM (NYSE:ACM) Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its holdings in AECOM (NYSE:ACM) by 14.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,681 shares of the construction company’s stock after buying an additional 346 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in AECOM were worth $277,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ACM. Investment Management Corp of Ontario increased its position in shares of AECOM by 4.5% during the third quarter. Investment Management Corp of Ontario now owns 35,143 shares of the construction company’s stock valued at $3,629,000 after acquiring an additional 1,500 shares during the last quarter. Holocene Advisors LP boosted its stake in AECOM by 12.1% during the 3rd quarter. Holocene Advisors LP now owns 89,219 shares of the construction company’s stock worth $9,214,000 after purchasing an additional 9,606 shares during the period. True Wealth Design LLC boosted its stake in AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after purchasing an additional 297 shares during the period. Verition Fund Management LLC lifted its position in AECOM by 293.7% in the third quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company’s stock valued at $18,651,000 after purchasing an additional 134,730 shares during the period. Finally, Captrust Financial Advisors lifted its position in AECOM by 28.1% in the third quarter. Captrust Financial Advisors now owns 6,742 shares of the construction company’s stock valued at $696,000 after purchasing an additional 1,480 shares during the period. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ACM. Citigroup lifted their price objective on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Robert W. Baird raised their price objective on AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Truist Financial boosted their price objective on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, KeyCorp upped their price objective on AECOM from $115.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $119.38.

AECOM Price Performance

AECOM stock opened at $112.03 on Friday. The business has a fifty day moving average price of $109.93 and a 200-day moving average price of $98.53. 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 has a one year low of $82.23 and a one year high of $118.56. The firm has a market capitalization of $14.84 billion, a P/E ratio of 37.85, a PEG ratio of 1.93 and a beta of 1.17.

AECOM (NYSE:ACM) last released 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 for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the business posted $1.01 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM Increases Dividend

The firm also recently declared 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 represents a $1.04 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio (DPR) is currently 35.14%.

AECOM announced that its Board of Directors has initiated a share repurchase plan on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 6.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the 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 of the company’s stock, 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. 0.42% of the stock is currently owned by company insiders.

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.