Magnus Financial Group LLC Boosts Position in AECOM (NYSE:ACM)

Magnus Financial Group LLC boosted its position in AECOM (NYSE:ACM) by 93.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,860 shares of the construction company’s stock after purchasing an additional 2,348 shares during the period. Magnus Financial Group LLC’s holdings in AECOM were worth $519,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Private Trust Co. NA purchased a new position in shares of AECOM in the third quarter worth approximately $30,000. True Wealth Design LLC raised its position in AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after acquiring an additional 297 shares during the period. UMB Bank n.a. boosted its stake in shares of 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 during the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in shares of AECOM during the 3rd quarter valued at $50,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of AECOM in the 3rd quarter worth $59,000. 85.41% of the stock is currently owned by institutional investors.

Insider Transactions at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were 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. This trade represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.42% of the company’s stock.

AECOM Price Performance

Shares of NYSE:ACM opened at $110.61 on Thursday. The firm has a market cap of $14.67 billion, a price-to-earnings ratio of 37.37, a P/E/G ratio of 1.86 and a beta of 1.19. The firm has a fifty day moving average price of $110.36 and a 200 day moving average price of $102.88. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. The business’s revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts expect that AECOM will post 5.08 earnings per share for the current fiscal year.

AECOM declared that its Board of Directors has approved a share repurchase program on Monday, November 18th that allows the company to repurchase $1.00 billion in 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 often a sign that the company’s leadership believes its stock is undervalued.

AECOM Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a $0.26 dividend. This is an increase 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 dividend on an annualized basis and a yield of 0.94%. AECOM’s payout ratio is presently 35.14%.

Analyst Ratings Changes

ACM has been the topic of several analyst reports. Truist Financial boosted their price target on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Citigroup boosted their price objective on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. KeyCorp lowered their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, Robert W. Baird increased their price objective 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. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $119.25.

About 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.