Glenmede Trust Co. NA Has $1.76 Million Position in AECOM (NYSE:ACM)

Glenmede Trust Co. NA lifted its holdings in AECOM (NYSE:ACM) by 35.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,994 shares of the construction company’s stock after acquiring an additional 4,482 shares during the period. Glenmede Trust Co. NA’s holdings in AECOM were worth $1,755,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA acquired a new stake in AECOM in the third quarter worth $30,000. Family Firm Inc. bought a new position in shares of AECOM during the 2nd quarter worth about $31,000. UMB Bank n.a. boosted its position 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 purchasing an additional 257 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of AECOM by 4,375.0% in the 2nd quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock valued at $47,000 after buying an additional 525 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new stake in AECOM in the 3rd quarter valued at about $50,000. Institutional investors own 85.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citigroup increased their price target on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Robert W. Baird increased their target price on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. The Goldman Sachs Group began coverage on shares of AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 price target for the company. KeyCorp raised 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. Finally, Royal Bank of Canada boosted their target price on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $119.38.

AECOM Stock Up 0.2 %

ACM opened at $116.97 on Monday. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The firm has a market capitalization of $15.49 billion, a P/E ratio of 39.52, a PEG ratio of 1.99 and a beta of 1.17. The company’s 50-day moving average is $107.91 and its 200 day moving average is $97.12. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13.

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

AECOM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.89%. This is a boost from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, January 2nd. AECOM’s payout ratio is presently 29.73%.

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

Insider Buying and Selling

In other news, CFO Gaurav Kapoor sold 42,400 shares of the firm’s stock in a transaction that occurred 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 owns 31,228 shares in the company, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.42% of the stock is owned by insiders.

AECOM Company 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.