Geode Capital Management LLC grew its holdings in AECOM (NYSE:ACM - Free Report) by 0.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,270,408 shares of the construction company's stock after acquiring an additional 14,511 shares during the quarter. Geode Capital Management LLC owned about 1.69% of AECOM worth $233,918,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in ACM. Private Trust Co. NA purchased a new position in AECOM in the third quarter valued at approximately $30,000. True Wealth Design LLC grew its position in shares of AECOM by 4,242.9% in the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock valued at $31,000 after buying an additional 297 shares during the last quarter. Family Firm Inc. acquired a new stake in AECOM during the 2nd quarter worth $31,000. UMB Bank n.a. raised its stake in AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company's stock worth $40,000 after acquiring an additional 257 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in AECOM in the third quarter valued at $50,000. Institutional investors and hedge funds own 85.41% of the company's stock.
In other 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 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. This represents a 57.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.42% of the company's stock.
NYSE:ACM opened at $111.51 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The firm's fifty day moving average price is $110.09 and its 200 day moving average price is $98.77. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56.
AECOM (NYSE:ACM - Get Free Report) last issued 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. 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 business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. On average, sell-side analysts expect that AECOM will post 5.1 EPS for the current year.
AECOM declared that its Board of Directors has initiated a share buyback plan on Monday, November 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.93%. This is an increase from AECOM's previous quarterly dividend of $0.22. The ex-dividend date is Thursday, January 2nd. AECOM's dividend payout ratio is 35.14%.
Several brokerages have issued reports on ACM. The Goldman Sachs Group initiated coverage on AECOM in a report on Friday, November 22nd. They set a "buy" rating and a $130.00 price objective on the stock. StockNews.com raised AECOM from a "hold" rating to a "buy" rating in a research report on Sunday, October 27th. Truist Financial increased their price objective on AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Citigroup lifted their target price on shares of AECOM from $110.00 to $128.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, KeyCorp increased their price target on shares of AECOM from $115.00 to $122.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM currently has an average rating of "Buy" and a consensus target price of $119.38.
Check Out Our Latest Research Report on 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.
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