AECOM (NYSE:ACM) Stock Holdings Boosted by KBC Group NV

KBC Group NV grew its holdings in shares of AECOM (NYSE:ACM - Free Report) by 24.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,255 shares of the construction company's stock after buying an additional 3,780 shares during the quarter. KBC Group NV's holdings in AECOM were worth $2,057,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in AECOM by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company's stock worth $233,918,000 after acquiring an additional 14,511 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of AECOM by 40.1% in 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 period. Citigroup Inc. grew its holdings in AECOM by 5.7% during the 3rd quarter. Citigroup Inc. now owns 585,174 shares of the construction company's stock valued at $60,431,000 after purchasing an additional 31,299 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in AECOM during the 3rd quarter worth $42,201,000. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Stock Performance

Shares of NYSE:ACM traded up $0.02 during trading on Friday, reaching $105.57. 1,368,105 shares of the company's stock traded hands, compared to its average volume of 882,119. The stock has a market capitalization of $14.00 billion, a P/E ratio of 35.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.19. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The company has a 50 day moving average of $109.85 and a 200-day moving average of $103.89. 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 announced its quarterly earnings results 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 return on equity of 25.46% and a net margin of 2.50%. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the prior year, the firm earned $1.01 EPS. The business's quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts expect that AECOM will post 5.08 EPS for the current year.

AECOM announced that its Board of Directors has authorized a stock repurchase plan on Monday, November 18th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to buy up to 6.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

AECOM Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.99%. This is a positive change from AECOM's previous quarterly dividend of $0.22. AECOM's dividend payout ratio is currently 35.14%.

Insider Buying and Selling

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the firm's 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 sale, the chief financial officer now owns 31,228 shares in the company, valued at approximately $3,601,837.52. This trade represents a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ACM. StockNews.com raised shares of AECOM from a "hold" rating to a "buy" rating in a research report on Sunday, October 27th. Truist Financial raised 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. Robert W. Baird upped their target price on AECOM from $113.00 to $122.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. KeyCorp decreased their price target on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group began coverage on shares of AECOM in a report on Friday, November 22nd. They issued a "buy" rating and a $130.00 price target on the stock. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $119.13.

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.