Assetmark Inc. Makes New Investment in AECOM (NYSE:ACM)

Assetmark Inc. bought a new position in shares of AECOM (NYSE:ACM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,575 shares of the construction company’s stock, valued at approximately $163,000.

Other large investors also recently bought and sold shares of the company. US Bancorp DE increased its stake in shares of AECOM by 19.1% in the first quarter. US Bancorp DE now owns 6,757 shares of the construction company’s stock worth $663,000 after acquiring an additional 1,082 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of AECOM by 9.3% in the first quarter. Avantax Advisory Services Inc. now owns 2,782 shares of the construction company’s stock worth $273,000 after acquiring an additional 236 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of AECOM in the first quarter worth $1,085,000. O Shaughnessy Asset Management LLC increased its stake in shares of AECOM by 2.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 12,242 shares of the construction company’s stock worth $1,201,000 after acquiring an additional 332 shares during the period. Finally, UniSuper Management Pty Ltd increased its stake in shares of AECOM by 111.1% in the first quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the construction company’s stock worth $186,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Insider Buying and Selling at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the firm’s stock in a transaction dated 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 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 filing with the SEC, which is available at this link. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

ACM has been the topic of a number of research reports. KeyCorp increased their price objective on shares of AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Robert W. Baird increased their price target on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Truist Financial increased their price target on shares of AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Barclays increased their price target on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Finally, Citigroup increased their price target on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $113.29.

AECOM Stock Performance

ACM opened at $106.93 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The company has a market cap of $14.34 billion, a price-to-earnings ratio of 57.49, a PEG ratio of 1.61 and a beta of 1.17. AECOM has a 52-week low of $82.23 and a 52-week high of $115.74. The firm’s fifty day simple moving average is $104.62 and its two-hundred day simple moving average is $95.63.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Wednesday, October 2nd. AECOM’s payout ratio is 47.31%.

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.