Sumitomo Mitsui DS Asset Management Company Ltd Buys 3,374 Shares of AECOM (NYSE:ACM)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of AECOM (NYSE:ACM) by 31.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,992 shares of the construction company’s stock after acquiring an additional 3,374 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in AECOM were worth $1,495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of AECOM by 3.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 267,266 shares of the construction company’s stock valued at $28,549,000 after purchasing an additional 8,586 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in AECOM by 33.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 766 shares of the construction company’s stock valued at $82,000 after buying an additional 191 shares in the last quarter. Avitas Wealth Management LLC raised its stake in AECOM by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock valued at $2,023,000 after buying an additional 110 shares during the last quarter. Ninety One SA PTY Ltd boosted its holdings in AECOM by 8.5% in the fourth quarter. Ninety One SA PTY Ltd now owns 66,336 shares of the construction company’s stock worth $7,086,000 after acquiring an additional 5,213 shares in the last quarter. Finally, Ninety One North America Inc. grew its stake in shares of AECOM by 24.8% in the fourth quarter. Ninety One North America Inc. now owns 107,777 shares of the construction company’s stock worth $11,513,000 after acquiring an additional 21,420 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Trading Down 1.4 %

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

AECOM (NYSE:ACM) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. As a group, analysts expect that AECOM will post 5.1 EPS for the current year.

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

AECOM Increases Dividend

The business 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 a boost from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, January 2nd. AECOM’s dividend payout ratio is 29.55%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Truist Financial increased their price objective on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. The Goldman Sachs Group started coverage on shares of AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. KeyCorp decreased their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Finally, Robert W. Baird decreased their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM currently has a consensus rating of “Buy” and a consensus price target of $120.38.

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.