AECOM (NYSE:ACM) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. boosted its stake in AECOM (NYSE:ACM) by 82.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 708 shares of the construction company’s stock after purchasing an additional 320 shares during the period. UMB Bank n.a.’s holdings in AECOM were worth $76,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Private Trust Co. NA acquired a new position in AECOM in the 3rd quarter worth $30,000. True Wealth Design LLC lifted its stake in shares of AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after acquiring an additional 297 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in AECOM in the third quarter valued at about $50,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in AECOM during the 3rd quarter worth approximately $59,000. Finally, Quarry LP acquired a new position in shares of AECOM in the 3rd quarter valued at approximately $84,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Trading Up 0.8 %

Shares of AECOM stock opened at $109.20 on Friday. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03. The business has a fifty day simple moving average of $110.43 and a 200-day simple moving average of $103.10. The firm has a market cap of $14.48 billion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth ratio of 1.89 and a beta of 1.19.

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 the consensus estimate of $1.24 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share. On average, equities analysts forecast that AECOM will post 5.08 EPS for the current fiscal year.

AECOM declared that its board has authorized a share buyback program on Monday, November 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to buy up to 6.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

AECOM Increases Dividend

The firm also recently disclosed 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. This represents a $1.04 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio (DPR) is presently 35.14%.

Insider Activity at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction that occurred on 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 owns 31,228 shares of the company’s stock, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is owned by company insiders.

Analyst Ratings Changes

ACM has been the subject of a number of research analyst reports. Robert W. Baird lifted their price target on shares of AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. 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. Truist Financial lifted their price objective on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, KeyCorp reduced their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $119.25.

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.