AECOM (NYSE:ACM) Position Lessened by Atom Investors LP

Atom Investors LP lessened its stake in shares of AECOM (NYSE:ACM - Free Report) by 38.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,655 shares of the construction company's stock after selling 29,950 shares during the quarter. Atom Investors LP's holdings in AECOM were worth $4,921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ninety One UK Ltd purchased a new stake in shares of AECOM during the second quarter worth about $46,109,000. International Assets Investment Management LLC acquired a new position in AECOM in the 3rd quarter valued at $42,201,000. DekaBank Deutsche Girozentrale lifted its stake in shares of 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 purchasing an additional 326,423 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of AECOM by 17.0% during 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 purchasing an additional 289,513 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of AECOM by 18.8% in the second 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 purchasing an additional 258,250 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Stock Down 0.9 %

NYSE ACM traded down $1.03 during trading hours on Monday, hitting $115.94. The company had a trading volume of 787,516 shares, compared to its average volume of 807,025. The firm's 50 day moving average is $107.91 and its 200 day moving average is $97.12. The company has a market capitalization of $15.36 billion, a price-to-earnings ratio of 39.48, a P/E/G ratio of 1.99 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 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 - Get Free Report) last posted its earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 earnings per share. Sell-side analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM announced that its Board of Directors has authorized a share buyback program on Monday, November 18th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares 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. Investors of record on Thursday, January 2nd will be paid a dividend of $0.26 per share. This is an increase from AECOM's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.04 annualized dividend and a yield of 0.90%. AECOM's payout ratio is 35.14%.

Insiders Place Their Bets

In other news, CFO Gaurav Kapoor sold 42,400 shares of the business'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 completion of the sale, the chief financial officer now owns 31,228 shares of the company's stock, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ACM. Robert W. Baird increased 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. StockNews.com raised shares of AECOM from a "hold" rating to a "buy" rating in a research report on Sunday, October 27th. KeyCorp boosted their target price on shares of AECOM from $115.00 to $122.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Truist Financial increased their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Finally, Citigroup boosted their price objective on shares of AECOM from $110.00 to $128.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target 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.