Ninety One UK Ltd cut its stake in shares of AECOM (NYSE:ACM - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,479,519 shares of the construction company's stock after selling 125,503 shares during the quarter. Ninety One UK Ltd owned about 1.12% of AECOM worth $158,042,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in ACM. Private Trust Co. NA acquired a new position in AECOM during the third quarter worth about $30,000. True Wealth Design LLC grew its holdings in shares of AECOM by 4,242.9% in the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock worth $31,000 after acquiring an additional 297 shares during the period. UMB Bank n.a. increased its stake in AECOM by 196.2% in the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company's stock valued at $40,000 after purchasing an additional 257 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in AECOM during the third quarter worth $50,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in AECOM during the third quarter worth $59,000. Hedge funds and other institutional investors own 85.41% of the company's stock.
AECOM Trading Down 1.0 %
ACM stock traded down $1.13 during midday trading on Friday, hitting $107.14. The stock had a trading volume of 796,067 shares, compared to its average volume of 1,062,723. The company's 50-day moving average price is $108.74 and its 200 day moving average price is $104.35. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.13. The firm has a market cap of $14.21 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56.
AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, equities research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.
AECOM Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.26 per share. This is a positive change from AECOM's previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Thursday, January 2nd. AECOM's dividend payout ratio is presently 29.55%.
AECOM declared that its Board of Directors has approved a stock repurchase program on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to buy 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 stock is undervalued.
Analyst Ratings Changes
ACM has been the subject of a number of research analyst reports. KeyCorp dropped their price target on AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Barclays lifted their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday. Citigroup lowered their price target on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird cut their price objective on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, StockNews.com upgraded AECOM from a "hold" rating to a "buy" rating in a report on Sunday, October 27th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM presently has an average rating of "Buy" and an average target price of $120.38.
Read Our Latest Research Report on AECOM
About AECOM
(
Free Report)
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.
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