Pacer Advisors Inc. Sells 3,961 Shares of AECOM (NYSE:ACM)

Pacer Advisors Inc. decreased its stake in shares of AECOM (NYSE:ACM - Free Report) by 16.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,669 shares of the construction company's stock after selling 3,961 shares during the quarter. Pacer Advisors Inc.'s holdings in AECOM were worth $2,101,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp increased its holdings in AECOM by 12.5% during the second quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company's stock worth $936,000 after buying an additional 1,180 shares during the last quarter. Creative Planning increased its stake in shares of AECOM by 4.3% during the 2nd quarter. Creative Planning now owns 20,849 shares of the construction company's stock worth $1,838,000 after purchasing an additional 850 shares during the last quarter. Truist Financial Corp raised its holdings in shares of AECOM by 25.3% in the 2nd quarter. Truist Financial Corp now owns 5,076 shares of the construction company's stock valued at $447,000 after purchasing an additional 1,026 shares during the period. Sanctuary Advisors LLC acquired a new stake in AECOM in the 2nd quarter valued at about $426,000. Finally, Park Avenue Securities LLC bought a new position in AECOM during the third quarter worth about $270,000. Institutional investors own 85.41% of the company's stock.

Insider Buying and Selling

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the firm's stock in a transaction 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 sale, the chief financial officer now owns 31,228 shares of the company's stock, valued at approximately $3,601,837.52. This trade represents a 57.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by company insiders.

AECOM Stock Performance

NYSE ACM traded up $0.37 during trading on Tuesday, reaching $104.22. The company's stock had a trading volume of 1,324,192 shares, compared to its average volume of 1,010,981. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The firm has a 50 day moving average price of $109.34 and a 200 day moving average price of $104.20. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 25.46% and a net margin of 2.50%. As a group, equities analysts anticipate that AECOM will post 5.08 EPS for the current fiscal 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 shares. This buyback authorization allows the construction company to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

AECOM Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a dividend of $0.26 per share. This is a boost from AECOM's previous quarterly dividend of $0.22. The ex-dividend date was Thursday, January 2nd. This represents a $1.04 annualized dividend and a yield of 1.00%. AECOM's dividend payout ratio is currently 35.14%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ACM shares. The Goldman Sachs Group started coverage on AECOM in a research report on Friday, November 22nd. They issued a "buy" rating and a $130.00 price objective for the company. StockNews.com raised AECOM from a "hold" rating to a "buy" rating in a report on Sunday, October 27th. KeyCorp reduced their price objective 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. Robert W. Baird dropped their price objective on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research report on Tuesday. Finally, Citigroup reduced their target price on shares of AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Nine investment 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 price target of $118.50.

AECOM Company 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.