TT International Asset Management LTD Makes New $3.58 Million Investment in AECOM (NYSE:ACM)

TT International Asset Management LTD bought a new position in shares of AECOM (NYSE:ACM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,501 shares of the construction company’s stock, valued at approximately $3,578,000. AECOM comprises approximately 0.5% of TT International Asset Management LTD’s investment portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACM. Private Trust Co. NA acquired a new position in shares of AECOM during the third quarter worth $30,000. True Wealth Design LLC boosted its position 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 acquiring an additional 297 shares during the last quarter. UMB Bank n.a. boosted its position in AECOM by 196.2% during the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after acquiring an additional 257 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in AECOM during the third quarter valued at $50,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in AECOM during the third quarter valued at $59,000. 85.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on ACM shares. Robert W. Baird upped their price target on shares of AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Citigroup upped their price target on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. 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. Finally, The Goldman Sachs Group initiated coverage on shares of AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective on the stock. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has a consensus rating of “Buy” and a consensus target price of $119.25.

AECOM Stock Down 1.3 %

AECOM stock opened at $105.94 on Monday. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 1.92 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. The firm has a 50 day simple moving average of $110.65 and a 200 day simple moving average of $101.72.

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 analysts’ consensus estimates of $1.24 by $0.03. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business earned $1.01 EPS. AECOM’s revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM Increases Dividend

The company 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 $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.98%. This is an increase from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, January 2nd. AECOM’s dividend payout ratio (DPR) is presently 35.14%.

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

Insider Buying and Selling at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of AECOM 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.42% of the company’s stock.

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.