AECOM (NYSE:ACM) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in shares of AECOM (NYSE:ACM) by 23.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,577 shares of the construction company’s stock after buying an additional 13,648 shares during the quarter. Nisa Investment Advisors LLC owned 0.05% of AECOM worth $7,753,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp raised its holdings in AECOM by 12.5% during the second quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company’s stock worth $936,000 after purchasing an additional 1,180 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after buying an additional 220,035 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of AECOM by 5.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company’s stock valued at $26,714,000 after buying an additional 12,224 shares in the last quarter. TT International Asset Management LTD acquired a new position in AECOM during the fourth quarter worth $3,578,000. Finally, Park Avenue Securities LLC raised its position in AECOM by 176.9% in the fourth quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock worth $773,000 after acquiring an additional 4,625 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. KeyCorp lowered their target price 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. Citigroup boosted their price target on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group began coverage on AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective for the company. Finally, Robert W. Baird lifted their price objective on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has a consensus rating of “Buy” and an average price target of $119.25.

AECOM Stock Performance

NYSE ACM opened at $109.20 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The business has a fifty day moving average of $110.43 and a 200-day moving average of $103.10. The stock 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 announced its 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 firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $1.01 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, analysts predict that AECOM will post 5.08 earnings per share for the current fiscal year.

AECOM Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were paid a dividend of $0.26 per share. This is an increase from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.95%. AECOM’s dividend payout ratio is presently 35.14%.

AECOM declared that its Board of Directors has authorized a share buyback plan on Monday, November 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, CFO Gaurav Kapoor sold 42,400 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 31,228 shares in the company, valued at approximately $3,601,837.52. This represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is owned by company insiders.

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.