GSA Capital Partners LLP Buys Shares of 2,296 AECOM (NYSE:ACM)

GSA Capital Partners LLP purchased a new position in shares of AECOM (NYSE:ACM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,296 shares of the construction company’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ACM. Mackenzie Financial Corp increased its position in shares of AECOM by 12.5% in the 2nd quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company’s stock valued at $936,000 after purchasing an additional 1,180 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in AECOM in the first quarter valued at $741,000. Price T Rowe Associates Inc. MD lifted its holdings in AECOM by 7.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 87,301 shares of the construction company’s stock worth $8,564,000 after buying an additional 6,003 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of AECOM by 24.3% during the 2nd quarter. SG Americas Securities LLC now owns 203,281 shares of the construction company’s stock worth $17,917,000 after acquiring an additional 39,801 shares in the last quarter. Finally, Swedbank AB increased its holdings in shares of AECOM by 13.6% in the 2nd quarter. Swedbank AB now owns 72,823 shares of the construction company’s stock valued at $6,419,000 after acquiring an additional 8,694 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Insider Transactions at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of the company’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 directly owns 31,228 shares of the company’s stock, valued at $3,601,837.52. This represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ACM shares. Robert W. Baird boosted their target price on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Citigroup increased their target price on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Truist Financial boosted their price target on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday. Finally, KeyCorp raised their price objective on AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $119.38.

AECOM Stock Up 3.3 %

Shares of NYSE ACM opened at $116.31 on Friday. The firm has a market cap of $15.41 billion, a P/E ratio of 39.29, a price-to-earnings-growth ratio of 1.91 and a beta of 1.17. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a 1 year low of $82.23 and a 1 year high of $116.76. The firm’s 50 day moving average price is $106.16 and its 200 day moving average price is $96.20.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the company posted $1.01 earnings per share. AECOM’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that AECOM will post 5.1 earnings per share 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 shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

AECOM Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be issued 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 currently 29.73%.

AECOM Company 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.