AECOM (NYSE:ACM) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its stake in AECOM (NYSE:ACM - Free Report) by 19.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,204 shares of the construction company's stock after selling 9,596 shares during the period. Wedge Capital Management L L P NC's holdings in AECOM were worth $4,188,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in AECOM by 5.5% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company's stock valued at $206,176,000 after buying an additional 122,015 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of AECOM by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company's stock valued at $233,918,000 after acquiring an additional 14,511 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in AECOM by 17.0% in the 3rd 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 valued at $205,429,000 after purchasing an additional 289,513 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock worth $79,339,000 after purchasing an additional 220,035 shares during the period. Finally, Citigroup Inc. grew its position in AECOM by 5.7% during the 3rd quarter. Citigroup Inc. now owns 585,174 shares of the construction company's stock worth $60,431,000 after purchasing an additional 31,299 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Price Performance

Shares of NYSE:ACM traded up $1.02 on Monday, reaching $108.87. 3,398,385 shares of the company were exchanged, compared to its average volume of 590,266. The company has a 50-day moving average of $110.42 and a 200-day moving average of $102.64. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. The firm has a market cap of $14.42 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56.

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. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts forecast 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. Investors of record on Thursday, January 2nd were given a dividend of $0.26 per share. This is an increase from AECOM's previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, January 2nd. AECOM's payout ratio is currently 35.14%.

AECOM announced that its Board of Directors has initiated a share repurchase program on Monday, November 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Robert W. Baird upped their target price on shares of AECOM from $113.00 to $122.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. KeyCorp decreased their price objective on AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. StockNews.com raised AECOM from a "hold" rating to a "buy" rating in a report on Sunday, October 27th. The Goldman Sachs Group initiated coverage on AECOM in a report on Friday, November 22nd. They set a "buy" rating and a $130.00 price target for the company. Finally, Citigroup boosted their price objective on shares of AECOM from $110.00 to $128.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $119.25.

Insiders Place Their Bets

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 completion of the transaction, the chief financial officer now owns 31,228 shares of the company's stock, valued at $3,601,837.52. The trade was a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.42% of the stock is currently owned by company insiders.

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.