B. Metzler seel. Sohn & Co. Holding AG Makes New $495,000 Investment in AECOM (NYSE:ACM)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in AECOM (NYSE:ACM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,790 shares of the construction company’s stock, valued at approximately $495,000.

Other hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in AECOM in the first quarter worth about $25,000. Family Firm Inc. bought a new stake in AECOM in the second quarter valued at $31,000. UMB Bank n.a. raised its stake in AECOM by 196.2% during the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after acquiring an additional 257 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in shares of AECOM in the 3rd quarter valued at $50,000. Finally, Versant Capital Management Inc grew its holdings 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 worth $47,000 after purchasing an additional 525 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Insider Buying and Selling

In other news, CFO Gaurav Kapoor sold 42,400 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 31,228 shares of the company’s stock, valued at $3,601,837.52. The trade was a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.42% of the company’s stock.

AECOM Trading Up 3.3 %

NYSE:ACM opened at $116.31 on Monday. 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 has a 1-year low of $82.23 and a 1-year high of $116.76. The firm has a market capitalization of $15.41 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 1.91 and a beta of 1.17. The business’s 50-day moving average price is $106.16 and its two-hundred day moving average price is $96.22.

AECOM (NYSE:ACM) last issued its earnings results on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.24 by $0.03. The firm had revenue of $1.81 billion during 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 business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 earnings per share. On average, equities analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM announced that its board has initiated a stock repurchase program on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 6.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

AECOM Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada increased their price target on 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 initiated coverage on AECOM in a research report on Friday. They issued a “buy” rating and a $130.00 price objective for the company. Barclays upped their target price 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. Finally, Citigroup raised their price target on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has a consensus rating of “Buy” and a consensus price target of $119.38.

AECOM 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.