Nordea Investment Management AB decreased its holdings in shares of AECOM (NYSE:ACM - Free Report) by 32.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,531 shares of the construction company's stock after selling 68,902 shares during the period. Nordea Investment Management AB owned approximately 0.11% of AECOM worth $15,281,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Franklin Resources Inc. lifted its position in AECOM by 1.5% in the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company's stock valued at $655,000 after purchasing an additional 91 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in AECOM by 1.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company's stock valued at $977,000 after acquiring an additional 103 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of AECOM by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company's stock worth $408,000 after acquiring an additional 132 shares during the period. Ballentine Partners LLC lifted its stake in shares of AECOM by 4.1% in the 3rd quarter. Ballentine Partners LLC now owns 3,992 shares of the construction company's stock valued at $412,000 after purchasing an additional 158 shares during the period. Finally, Caprock Group LLC lifted its stake in shares of AECOM by 7.2% in the 2nd quarter. Caprock Group LLC now owns 2,562 shares of the construction company's stock valued at $226,000 after purchasing an additional 173 shares during the period. 85.41% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ACM. Robert W. Baird increased their price objective on AECOM from $113.00 to $122.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Citigroup boosted their price objective on shares of AECOM from $110.00 to $128.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Truist Financial lifted their target price on shares of AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a report on Friday, November 22nd. KeyCorp cut their price target on AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group started coverage on AECOM in a research note on Friday, November 22nd. They set a "buy" rating and a $130.00 price objective for the company. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $119.25.
Read Our Latest Analysis on ACM
AECOM Stock Performance
Shares of ACM traded up $0.04 during trading hours on Thursday, hitting $107.18. The stock had a trading volume of 967,839 shares, compared to its average volume of 615,488. The firm has a market capitalization of $14.20 billion, a PE ratio of 36.21, a PEG 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 has a 12 month low of $82.23 and a 12 month high of $118.56. The stock has a fifty day moving average price of $110.69 and a 200 day moving average price of $101.40.
AECOM (NYSE:ACM - Get Free Report) last released its quarterly 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 the consensus estimate of $1.86 billion. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. Analysts anticipate that AECOM will post 5.1 EPS for the current year.
AECOM Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.97%. This is an increase from AECOM's previous quarterly dividend of $0.22. AECOM's dividend payout ratio (DPR) is 35.14%.
AECOM declared that its board has authorized a stock buyback program on Monday, November 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.
Insider Transactions at AECOM
In related news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total transaction of $4,890,416.00. Following the transaction, the chief financial officer now owns 31,228 shares in the company, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.42% of the company's stock.
AECOM Profile
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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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