AECOM (NYSE:ACM) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of AECOM (NYSE:ACM) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 267,266 shares of the construction company’s stock after acquiring an additional 8,586 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.20% of AECOM worth $28,549,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ACM. Magnus Financial Group LLC boosted its holdings in shares of AECOM by 93.5% during the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock valued at $519,000 after acquiring an additional 2,348 shares during the period. JPMorgan Chase & Co. boosted its stake in AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after purchasing an additional 220,035 shares during the period. TT International Asset Management LTD bought a new position in AECOM in the 4th quarter worth about $3,578,000. Park Avenue Securities LLC increased its stake in shares of AECOM by 176.9% in the fourth quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock valued at $773,000 after purchasing an additional 4,625 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of AECOM during the third quarter valued at approximately $495,000. Institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Citigroup cut their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Robert W. Baird reduced their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. 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 note on Wednesday, January 8th. Finally, Truist Financial upped their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Nine analysts have rated the stock with a buy rating, According to MarketBeat, AECOM currently has a consensus rating of “Buy” and an average price target of $120.38.

AECOM Stock Down 1.4 %

ACM stock opened at $106.49 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.13. The firm has a market cap of $14.12 billion, a PE ratio of 30.25, a P/E/G ratio of 1.81 and a beta of 1.19. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The firm has a 50 day simple moving average of $108.58 and a 200 day simple moving average of $104.70.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. Equities research analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, January 2nd. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is presently 29.55%.

AECOM declared that its Board of Directors has approved a stock repurchase program on Monday, November 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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.