AECOM (NYSE:ACM) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its position in shares of AECOM (NYSE:ACM - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 342,631 shares of the construction company's stock after selling 66,020 shares during the period. International Assets Investment Management LLC owned 0.26% of AECOM worth $406,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ACM. Mackenzie Financial Corp increased its stake in shares of AECOM by 12.5% in the 2nd quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company's stock worth $936,000 after acquiring an additional 1,180 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of AECOM by 5.0% during 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock valued at $79,339,000 after purchasing an additional 220,035 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of AECOM by 60.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 26,051 shares of the construction company's stock worth $2,296,000 after purchasing an additional 9,815 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of AECOM in the 3rd quarter worth approximately $495,000. 85.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Gaurav Kapoor sold 42,400 shares of the firm'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 transaction, the chief financial officer now owns 31,228 shares in the company, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.42% of the company's stock.

AECOM Price Performance

Shares of ACM stock traded down $1.38 during mid-day trading on Friday, hitting $105.94. The company had a trading volume of 1,198,091 shares, compared to its average volume of 720,765. The stock's 50 day moving average price is $110.65 and its 200-day moving average price is $101.63. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The company has a market capitalization of $14.03 billion, a P/E ratio of 35.79, a P/E/G ratio of 1.92 and a beta of 1.19. 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 issued its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.03. The firm 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%. AECOM's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $1.01 EPS. Equities research analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM announced that its Board of Directors has authorized a stock repurchase 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 purchase up to 6.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

AECOM Increases Dividend

The business also recently declared 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 a positive change from AECOM's previous quarterly dividend of $0.22. The ex-dividend date is Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.98%. AECOM's dividend payout ratio is presently 35.14%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ACM. Truist Financial lifted 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. StockNews.com raised AECOM from a "hold" rating to a "buy" rating in a research report on Sunday, October 27th. Citigroup increased their price objective on shares of AECOM from $110.00 to $128.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Robert W. Baird raised 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. Finally, KeyCorp decreased their target price on AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a report on Wednesday. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has a consensus rating of "Buy" and a consensus price target of $119.25.

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.