Quest Partners LLC Trims Position in AECOM (NYSE:ACM)

Quest Partners LLC lowered its position in AECOM (NYSE:ACM - Free Report) by 78.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,585 shares of the construction company's stock after selling 23,966 shares during the quarter. Quest Partners LLC's holdings in AECOM were worth $680,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ACM. CreativeOne Wealth LLC increased its stake in AECOM by 3.4% in the 1st quarter. CreativeOne Wealth LLC now owns 3,423 shares of the construction company's stock worth $336,000 after buying an additional 114 shares during the period. Fifth Third Bancorp increased its stake in AECOM by 6.7% in the 2nd quarter. Fifth Third Bancorp now owns 1,808 shares of the construction company's stock worth $159,000 after buying an additional 114 shares during the period. CIBC Asset Management Inc increased its stake in AECOM by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company's stock worth $408,000 after buying an additional 132 shares during the period. Assenagon Asset Management S.A. grew its holdings in AECOM by 4.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,102 shares of the construction company's stock worth $273,000 after acquiring an additional 138 shares in the last quarter. Finally, Nilsine Partners LLC grew its holdings in AECOM by 1.1% during the 2nd quarter. Nilsine Partners LLC now owns 13,981 shares of the construction company's stock worth $1,232,000 after acquiring an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company's stock.

Insider Buying and Selling

In related news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 31,228 shares in the company, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is owned by company insiders.

AECOM Stock Up 3.3 %

Shares of NYSE:ACM traded up $3.75 during trading on Friday, reaching $116.31. The stock had a trading volume of 1,580,385 shares, compared to its average volume of 944,682. AECOM has a one year low of $82.23 and a one year high of $116.76. The company has a market capitalization of $15.41 billion, a P/E ratio of 39.29, a PEG ratio of 1.91 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. The firm's 50-day simple moving average is $106.16 and its 200 day simple moving average is $96.20.

AECOM (NYSE:ACM - Get Free Report) last released its 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 during 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 for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the business earned $1.01 EPS. As a group, research analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

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

AECOM Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays increased their target price on shares of AECOM from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, August 8th. Royal Bank of Canada increased their target price on shares of AECOM from $112.00 to $113.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Robert W. Baird increased their target price on shares of AECOM from $113.00 to $122.00 and gave the stock an "outperform" rating in a report on Tuesday. The Goldman Sachs Group assumed coverage on shares of AECOM in a report on Friday. They set a "buy" rating and a $130.00 target price on the stock. Finally, KeyCorp increased their target price on shares of AECOM from $115.00 to $122.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM presently has a consensus rating of "Buy" and a consensus target price of $119.38.

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.