AECOM (NYSE:ACM) Holdings Trimmed by Barclays PLC

Barclays PLC trimmed its holdings in shares of AECOM (NYSE:ACM - Free Report) by 22.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 194,949 shares of the construction company's stock after selling 56,871 shares during the quarter. Barclays PLC owned 0.15% of AECOM worth $20,133,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ACM. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in AECOM by 5.5% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company's stock worth $206,176,000 after purchasing an additional 122,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of AECOM by 17.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company's stock worth $205,429,000 after buying an additional 289,513 shares during the last quarter. Impax Asset Management Group plc raised its holdings in AECOM by 15.5% in the second quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company's stock valued at $154,464,000 after acquiring an additional 235,350 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in AECOM by 18.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company's stock valued at $143,573,000 after acquiring an additional 258,250 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in AECOM by 67.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 808,192 shares of the construction company's stock worth $71,897,000 after acquiring an additional 326,423 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

Insider Buying and Selling at AECOM

In other AECOM 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 transaction of $4,890,416.00. Following the transaction, the chief financial officer now 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is owned by company insiders.

AECOM Stock Performance

NYSE ACM traded down $0.52 during trading hours on Friday, hitting $111.51. The company had a trading volume of 782,959 shares, compared to its average volume of 802,768. 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 firm has a market cap of $14.77 billion, a P/E ratio of 37.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The business has a fifty day simple moving average of $110.09 and a 200-day simple moving average of $98.87.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data 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. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the company earned $1.01 EPS. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts predict that AECOM will post 5.1 EPS for the current year.

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

AECOM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors 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 0.93%. The ex-dividend date is Thursday, January 2nd. AECOM's dividend payout ratio (DPR) is currently 35.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ACM shares. StockNews.com upgraded shares of AECOM from a "hold" rating to a "buy" rating in a research note on Sunday, October 27th. KeyCorp upped their price objective on AECOM from $115.00 to $122.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Robert W. Baird lifted their target price on AECOM from $113.00 to $122.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Citigroup upped their price target on AECOM from $110.00 to $128.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, Truist Financial lifted their price objective on shares of AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $119.38.

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.