TT International Asset Management LTD Invests $3.58 Million in AECOM (NYSE:ACM)

TT International Asset Management LTD bought a new position in AECOM (NYSE:ACM) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 33,501 shares of the construction company’s stock, valued at approximately $3,578,000. AECOM accounts for about 0.5% of TT International Asset Management LTD’s holdings, making the stock its 23rd biggest holding.

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

Insider Activity at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total value of $4,890,416.00. Following the completion of the transaction, the chief financial officer now directly owns 31,228 shares of the company’s stock, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.42% of the stock is owned by insiders.

AECOM Stock Down 1.3 %

NYSE ACM opened at $105.94 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 company has a fifty day moving average of $110.65 and a two-hundred day moving average of $101.72. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 1.92 and a beta of 1.19. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56.

AECOM (NYSE:ACM) last released its quarterly earnings data 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 firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share. On average, analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM declared that its Board of Directors has authorized a stock buyback program on Monday, November 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

AECOM Increases Dividend

The firm also recently declared 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 is a positive change from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.98%. AECOM’s payout ratio is presently 35.14%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective on the stock. KeyCorp decreased their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird raised their target price on shares of 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 note on Sunday, October 27th. Finally, Citigroup raised their target price on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Nine equities 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 a consensus target price of $119.25.

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.