AECOM (NYSE:ACM) Shares Sold by Payden & Rygel

Payden & Rygel cut its holdings in shares of AECOM (NYSE:ACM - Free Report) by 40.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,170 shares of the construction company's stock after selling 81,100 shares during the quarter. Payden & Rygel owned 0.09% of AECOM worth $12,100,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new position in shares of AECOM during the first quarter valued at $25,000. Family Firm Inc. bought a new stake in AECOM during the 2nd quarter valued at about $31,000. UMB Bank n.a. raised its holdings in AECOM by 196.2% in the third quarter. UMB Bank n.a. now owns 388 shares of the construction company's stock worth $40,000 after buying an additional 257 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new position in shares of AECOM in the third quarter worth approximately $50,000. Finally, Versant Capital Management Inc grew its holdings in shares of AECOM by 4,375.0% during the second quarter. Versant Capital Management Inc now owns 537 shares of the construction company's stock valued at $47,000 after buying an additional 525 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ACM shares. Barclays boosted their price objective on shares of AECOM from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, August 8th. StockNews.com upgraded shares of AECOM from a "hold" rating to a "buy" rating in a research note on Sunday, October 27th. Truist Financial raised their price target on AECOM from $108.00 to $119.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Royal Bank of Canada upped their price objective on AECOM from $112.00 to $113.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. Finally, Citigroup raised their target price on AECOM from $110.00 to $128.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM presently has an average rating of "Buy" and a consensus price target of $116.43.

AECOM Price Performance

Shares of NYSE ACM traded up $3.24 during midday trading on Thursday, hitting $112.71. The stock had a trading volume of 283,540 shares, compared to its average volume of 797,274. The stock has a 50 day simple moving average of $105.47 and a 200-day simple moving average of $95.95. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $15.11 billion, a PE ratio of 36.99, a P/E/G ratio of 1.64 and a beta of 1.17. AECOM has a 1 year low of $82.23 and a 1 year high of $115.74.

AECOM (NYSE:ACM - Get Free Report) last issued its earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.86 billion. AECOM had a return on equity of 25.28% and a net margin of 2.50%. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 EPS. On average, sell-side analysts expect that AECOM will post 4.95 EPS for the current fiscal year.

AECOM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.92%. This is a positive change from AECOM's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, January 2nd. AECOM's payout ratio is presently 29.73%.

AECOM declared that its board has initiated a stock buyback program on Monday, November 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Insider Transactions at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the business'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 directly owns 31,228 shares of the company's stock, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.42% of the company's stock.

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.