4,290 Shares in AECOM (NYSE:ACM) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. acquired a new stake in shares of AECOM (NYSE:ACM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,290 shares of the construction company’s stock, valued at approximately $458,000.

Several other hedge funds have also added to or reduced their stakes in ACM. Allspring Global Investments Holdings LLC raised its position in shares of AECOM by 2,660.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,270 shares of the construction company’s stock worth $112,000 after purchasing an additional 1,224 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of AECOM by 2.0% in the second quarter. Commonwealth Equity Services LLC now owns 41,538 shares of the construction company’s stock worth $3,661,000 after buying an additional 833 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of AECOM by 2.9% during the second quarter. TD Asset Management Inc now owns 12,489 shares of the construction company’s stock valued at $1,101,000 after buying an additional 352 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of AECOM by 303.4% during the second quarter. Acadian Asset Management LLC now owns 44,665 shares of the construction company’s stock valued at $3,934,000 after buying an additional 33,594 shares during the last quarter. Finally, Caprock Group LLC increased its position in shares of AECOM by 7.2% during the second quarter. Caprock Group LLC now owns 2,562 shares of the construction company’s stock valued at $226,000 after acquiring an additional 173 shares in the last quarter. 85.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ACM has been the topic of several analyst reports. Robert W. Baird upped their price objective on AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. KeyCorp upped their price target on AECOM from $115.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Citigroup lifted their price objective on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group started coverage on shares of AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 target price on the stock. Finally, StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has an average rating of “Buy” and a consensus target price of $119.38.

Insiders Place Their Bets

In other news, CFO Gaurav Kapoor sold 42,400 shares of AECOM 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 of the company’s stock, valued at $3,601,837.52. The trade was a 57.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.42% of the company’s stock.

AECOM Price Performance

Shares of NYSE:ACM opened at $107.75 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $14.27 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The firm’s 50 day moving average price is $110.69 and its 200-day moving average price is $101.02. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56.

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

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 issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is currently 35.14%.

AECOM declared that its Board of Directors has authorized a stock repurchase plan on Monday, November 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.