AECOM (NYSE:ACM) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of AECOM (NYSE:ACMFree Report) by 20.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 97,722 shares of the construction company’s stock after selling 25,316 shares during the period. SG Americas Securities LLC’s holdings in AECOM were worth $10,439,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Private Trust Co. NA purchased a new stake in shares of AECOM in the third quarter valued at approximately $30,000. True Wealth Design LLC lifted its position in shares of AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after acquiring an additional 297 shares in the last quarter. UMB Bank n.a. increased its position in shares of AECOM by 196.2% during the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after purchasing an additional 257 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in AECOM in the 3rd quarter valued at $50,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in AECOM in the 3rd quarter valued at $59,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Robert W. Baird increased their target price on shares of AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. KeyCorp lowered their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Truist Financial increased their price target on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Finally, Citigroup lifted their price target on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM has an average rating of “Buy” and an average target price of $119.25.

Check Out Our Latest Stock Analysis on ACM

Insider Transactions at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the business’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 sale, the chief financial officer now directly owns 31,228 shares in the company, valued at $3,601,837.52. This represents a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 2.0 %

Shares of NYSE:ACM opened at $108.43 on Friday. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 1.90 and a beta of 1.19. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The business has a 50-day moving average price of $110.36 and a 200 day moving average price of $102.88. 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:ACMGet Free Report) last announced its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share 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 business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the business earned $1.01 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts expect that AECOM will post 5.08 EPS for the current year.

AECOM Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. This is a boost from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, January 2nd. AECOM’s dividend payout ratio is 35.14%.

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 outstanding shares. This buyback authorization allows the construction company to purchase up to 6.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

AECOM Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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