Centiva Capital LP Lowers Stock Position in AECOM (NYSE:ACM)

Centiva Capital LP lessened its stake in AECOM (NYSE:ACM - Free Report) by 57.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,370 shares of the construction company's stock after selling 5,876 shares during the quarter. Centiva Capital LP's holdings in AECOM were worth $451,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mackenzie Financial Corp raised its holdings in shares of AECOM by 12.5% during the second quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company's stock valued at $936,000 after acquiring an additional 1,180 shares during the last quarter. Swedbank AB increased its holdings in shares of AECOM by 13.6% in the second quarter. Swedbank AB now owns 72,823 shares of the construction company's stock valued at $6,419,000 after purchasing an additional 8,694 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of AECOM by 5.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company's stock valued at $26,714,000 after purchasing an additional 12,224 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of AECOM by 60.5% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 26,051 shares of the construction company's stock valued at $2,296,000 after purchasing an additional 9,815 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of AECOM in the first quarter valued at approximately $636,000. Hedge funds and other institutional investors own 85.41% of the company's stock.

AECOM Trading Down 1.1 %

Shares of ACM traded down $1.23 during midday trading on Monday, hitting $112.52. 607,184 shares of the stock were exchanged, compared to its average volume of 804,011. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The stock has a fifty day simple moving average of $109.33 and a 200 day simple moving average of $98.17. The firm has a market cap of $14.90 billion, a P/E ratio of 38.01, a P/E/G ratio of 1.93 and a beta of 1.17. 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 - Get Free Report) last released its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.24 by $0.03. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the business posted $1.01 earnings per share. The company's quarterly revenue was up 4.9% on a year-over-year basis. On average, research analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM announced that its board has approved a share buyback program on Monday, November 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

AECOM Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.26 per share. This is a positive change from AECOM's previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Thursday, January 2nd. AECOM's dividend payout ratio (DPR) is currently 29.73%.

Insider Activity at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction on Wednesday, November 6th. The stock was 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 in the company, 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 is accessible through this hyperlink. 0.42% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com raised AECOM from a "hold" rating to a "buy" rating in a report on Sunday, October 27th. Truist Financial increased 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. Robert W. Baird increased their price objective on AECOM from $113.00 to $122.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. KeyCorp increased their price objective on AECOM from $115.00 to $122.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Finally, Citigroup increased their price objective on AECOM from $110.00 to $128.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus 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.