Charles Schwab Investment Management Inc. Reduces Position in AECOM (NYSE:ACM)

Charles Schwab Investment Management Inc. cut its stake in shares of AECOM (NYSE:ACM - Free Report) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 887,390 shares of the construction company's stock after selling 4,588 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.66% of AECOM worth $91,641,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. EntryPoint Capital LLC acquired a new position in AECOM during the first quarter worth $25,000. Family Firm Inc. acquired a new stake in AECOM in the 2nd quarter valued at about $31,000. UMB Bank n.a. increased its holdings in AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company's stock valued at $40,000 after acquiring an additional 257 shares in the last quarter. Versant Capital Management Inc raised its position in AECOM by 4,375.0% during the second quarter. Versant Capital Management Inc now owns 537 shares of the construction company's stock worth $47,000 after acquiring an additional 525 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of AECOM in the third quarter valued at about $50,000. Hedge funds and other institutional investors own 85.41% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on ACM shares. Barclays increased their target price on AECOM from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, August 8th. Truist Financial increased their price objective on AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. KeyCorp lifted their price target on shares of AECOM from $115.00 to $122.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. StockNews.com raised shares of AECOM from a "hold" rating to a "buy" rating in a research note on Sunday, October 27th. Finally, The Goldman Sachs Group initiated coverage on AECOM in a research note on Friday, November 22nd. They set a "buy" rating and a $130.00 price target on the stock. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM presently has a consensus rating of "Buy" and an average target price of $119.38.

Insider Transactions at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the company's stock in a transaction that occurred 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 owns 31,228 shares in the company, valued at $3,601,837.52. This represents a 57.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.42% of the company's stock.

AECOM Trading Down 0.6 %

Shares of ACM stock traded down $0.70 on Wednesday, reaching $116.04. 90,599 shares of the stock were exchanged, compared to its average volume of 803,457. 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 stock has a market cap of $15.37 billion, a P/E ratio of 39.44, a price-to-earnings-growth ratio of 1.99 and a beta of 1.17. The firm has a 50 day moving average of $106.92 and a two-hundred day moving average of $96.59. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56.

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

AECOM Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders 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. This represents a $1.04 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, January 2nd. AECOM's payout ratio is currently 29.73%.

AECOM declared that its Board of Directors has authorized a stock repurchase plan on Monday, November 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

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.