B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 4,790 AECOM (NYSE:ACM)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of AECOM (NYSE:ACM) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,790 shares of the construction company’s stock, valued at approximately $495,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ACM. UniSuper Management Pty Ltd boosted its stake in AECOM by 111.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the construction company’s stock valued at $186,000 after purchasing an additional 1,000 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of AECOM during the 1st quarter worth $25,000. Price T Rowe Associates Inc. MD increased its holdings in AECOM by 7.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 87,301 shares of the construction company’s stock valued at $8,564,000 after buying an additional 6,003 shares during the period. Interval Partners LP acquired a new position in AECOM during the first quarter valued at approximately $13,487,000. Finally, California State Teachers Retirement System lifted its position in shares of AECOM by 5.7% during the 1st quarter. California State Teachers Retirement System now owns 239,283 shares of the construction company’s stock worth $23,469,000 after buying an additional 12,944 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Insiders Place Their Bets

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 completion of the transaction, the chief financial officer now owns 31,228 shares of the company’s stock, valued at $3,601,837.52. The trade was a 57.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.42% of the company’s stock.

AECOM Stock Up 3.3 %

ACM stock opened at $116.31 on Monday. AECOM has a 1-year low of $82.23 and a 1-year high of $116.76. The stock has a market cap of $15.41 billion, a P/E ratio of 39.29, a P/E/G ratio of 1.91 and a beta of 1.17. The stock’s fifty day simple moving average is $106.16 and its two-hundred day simple moving average is $96.22. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03.

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

AECOM declared that its board has approved a share repurchase plan on Monday, November 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to repurchase up to 6.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

AECOM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.26 per share. This is a boost from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.89%. AECOM’s payout ratio is presently 35.14%.

Wall Street Analyst Weigh In

A number of analysts have weighed in 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 research report on Tuesday, October 22nd. The Goldman Sachs Group initiated coverage on shares of AECOM in a research report on Friday. They set a “buy” rating and a $130.00 price target on the stock. KeyCorp lifted their price objective on shares of AECOM from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Barclays upped their price target on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada raised their price objective on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM presently has an average rating of “Buy” and an average target price of $119.38.

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.