Oddo BHF Asset Management Sas Makes New $2.93 Million Investment in AECOM (NYSE:ACM)

Oddo BHF Asset Management Sas purchased a new stake in shares of AECOM (NYSE:ACM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 28,357 shares of the construction company’s stock, valued at approximately $2,928,000.

Several other large investors have also made changes to their positions in the company. Private Trust Co. NA bought a new stake in AECOM in the third quarter worth approximately $30,000. Family Firm Inc. acquired a new stake in shares of AECOM in the 2nd quarter valued at $31,000. True Wealth Design LLC raised its holdings in AECOM by 4,242.9% during the third 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 in the last quarter. UMB Bank n.a. lifted its position in shares of AECOM by 196.2% in the third 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 last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of AECOM during the 3rd quarter worth about $50,000. Institutional investors own 85.41% of the company’s stock.

Analyst Ratings Changes

ACM has been the subject of several analyst reports. KeyCorp boosted their target price on AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird upped their price objective on shares of AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Truist Financial raised their target price on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Finally, The Goldman Sachs Group began coverage on AECOM in a research report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target on the stock. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $119.38.

Insider Buying and Selling at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.42% of the company’s stock.

AECOM Stock Performance

NYSE:ACM opened at $111.52 on Friday. 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 firm’s 50-day moving average is $110.09 and its 200-day moving average is $98.69. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The company has a market cap of $14.77 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 1.92 and a beta of 1.17.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.03. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM declared that its board has initiated a stock repurchase program on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 6.8% of its stock through open market purchases. Stock buyback programs are usually a sign 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. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.93%. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is currently 29.73%.

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.