Fifth Third Wealth Advisors LLC Acquires 385 Shares of AECOM (NYSE:ACM)

Fifth Third Wealth Advisors LLC grew its holdings in shares of AECOM (NYSE:ACM) by 10.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,093 shares of the construction company’s stock after acquiring an additional 385 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in AECOM were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fiduciary Alliance LLC acquired a new stake in AECOM during the fourth quarter worth approximately $655,000. TT International Asset Management LTD bought a new stake in shares of AECOM during the 4th quarter valued at $3,578,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of AECOM by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock worth $809,000 after purchasing an additional 109 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of AECOM in the fourth quarter worth $458,000. Finally, GAMMA Investing LLC raised its stake in AECOM by 35.3% in the fourth quarter. GAMMA Investing LLC now owns 1,528 shares of the construction company’s stock valued at $163,000 after purchasing an additional 399 shares in the last quarter. 85.41% of the stock is owned by institutional investors.

AECOM Trading Down 1.1 %

NYSE ACM opened at $108.00 on Friday. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The business’s fifty day moving average is $110.50 and its 200 day moving average is $102.10. 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 market cap of $14.31 billion, a price-to-earnings ratio of 36.49, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $1.01 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, sell-side analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

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 given a $0.26 dividend. This is a boost from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 0.96%. The ex-dividend date is Thursday, January 2nd. AECOM’s dividend payout ratio is 35.14%.

AECOM declared that its Board of Directors has initiated a share buyback program on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to purchase 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 shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup raised their target price on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Truist Financial lifted their price objective 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. The Goldman Sachs Group started coverage on AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 target price for the company. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Finally, KeyCorp dropped their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $119.25.

Insider Activity

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction dated 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.