Charles Schwab Investment Management Inc. Has $91.64 Million Stock Holdings in AECOM (NYSE:ACM)

Charles Schwab Investment Management Inc. decreased its holdings in shares of AECOM (NYSE:ACM) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 887,390 shares of the construction company’s stock after selling 4,588 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.66% of AECOM worth $91,641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. King Luther Capital Management Corp lifted its holdings in shares of AECOM by 0.6% during the third quarter. King Luther Capital Management Corp now owns 41,156 shares of the construction company’s stock worth $4,250,000 after buying an additional 230 shares during the last quarter. Advisors Asset Management Inc. increased its position in AECOM by 4.8% during the third quarter. Advisors Asset Management Inc. now owns 40,390 shares of the construction company’s stock worth $4,171,000 after acquiring an additional 1,867 shares during the period. Commerce Bank acquired a new position in AECOM during the 3rd quarter valued at $211,000. PNC Financial Services Group Inc. boosted its holdings in AECOM by 1.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock valued at $977,000 after purchasing an additional 103 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in AECOM in the 3rd quarter worth $495,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

Insider Transactions at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of the company’s stock in a transaction dated 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 $3,601,837.52. This represents a 57.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.42% of the company’s stock.

AECOM Stock Down 0.1 %

Shares of NYSE:ACM opened at $116.74 on Wednesday. The company’s fifty day moving average is $106.53 and its 200-day moving average is $96.42. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a 52 week low of $82.23 and a 52 week high of $118.12. The company has a market capitalization of $15.46 billion, a PE ratio of 39.49, a P/E/G ratio of 1.98 and a beta of 1.17.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM declared that its Board of Directors has initiated a share buyback program on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 6.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

AECOM Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders 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 dividend on an annualized basis and a yield of 0.89%. This is a positive change from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is currently 29.73%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ACM shares. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Royal Bank of Canada raised their price objective on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Citigroup boosted their price objective on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Robert W. Baird raised their target price on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, The Goldman Sachs Group initiated coverage on shares of AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target on the stock. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $119.38.

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.