Ninety One SA PTY Ltd Boosts Holdings in AECOM (NYSE:ACM)

Ninety One SA PTY Ltd grew its stake in shares of AECOM (NYSE:ACM) by 8.5% in the fourth quarter, HoldingsChannel reports. The fund owned 66,336 shares of the construction company’s stock after buying an additional 5,213 shares during the quarter. AECOM makes up about 1.6% of Ninety One SA PTY Ltd’s portfolio, making the stock its 19th largest position. Ninety One SA PTY Ltd’s holdings in AECOM were worth $7,086,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Private Trust Co. NA acquired a new position in AECOM during the third quarter worth approximately $30,000. True Wealth Design LLC increased its holdings in shares of AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after buying an additional 297 shares during the last quarter. UMB Bank n.a. raised its position in shares of AECOM by 196.2% in the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after buying an additional 257 shares during the period. Kathleen S. Wright Associates Inc. acquired a new position in AECOM in the third quarter valued at $50,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in AECOM during the third quarter valued at about $59,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ACM shares. Citigroup cut their price objective on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Truist Financial increased their price objective on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. The Goldman Sachs Group started coverage on shares of AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target for the company. KeyCorp cut their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Robert W. Baird decreased their target price on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $118.50.

AECOM Trading Up 0.4 %

Shares of ACM opened at $104.22 on Wednesday. AECOM has a one year low of $82.23 and a one year high of $118.56. The stock has a 50-day moving average price of $109.34 and a 200 day moving average price of $104.20. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $13.82 billion, a P/E ratio of 35.21, a P/E/G ratio of 1.80 and a beta of 1.19.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.50% and a return on equity of 25.46%. Sell-side analysts forecast that AECOM will post 5.08 EPS for the current fiscal year.

AECOM Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.26 per share. This is a positive change from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.04 annualized dividend and a yield of 1.00%. AECOM’s payout ratio is presently 29.55%.

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

AECOM 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.