Amplius Wealth Advisors LLC Decreases Holdings in AECOM (NYSE:ACM)

Amplius Wealth Advisors LLC decreased its holdings in AECOM (NYSE:ACM) by 18.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,231 shares of the construction company’s stock after selling 517 shares during the period. Amplius Wealth Advisors LLC’s holdings in AECOM were worth $238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA purchased a new stake in AECOM during the third quarter valued at approximately $30,000. True Wealth Design LLC increased its position in shares of AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after purchasing an additional 297 shares during the last quarter. UMB Bank n.a. raised its holdings in AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after buying an additional 257 shares during the period. Kathleen S. Wright Associates Inc. bought a new stake in AECOM in the third quarter worth $50,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in AECOM during the third quarter worth $59,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Analysts Set New Price Targets

ACM has been the topic of several recent analyst reports. Citigroup increased their target price 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. Robert W. Baird boosted their target price on shares of AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Truist Financial upped their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Finally, KeyCorp dropped their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $119.25.

AECOM Trading Up 0.9 %

NYSE:ACM opened at $108.87 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50-day simple moving average of $110.42 and a 200-day simple moving average of $102.64. AECOM has a one year low of $82.23 and a one year high of $118.56. The firm has a market cap of $14.42 billion, a P/E ratio of 36.78, a P/E/G ratio of 1.80 and a beta of 1.19.

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

AECOM Increases Dividend

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

AECOM declared that its board has initiated a stock buyback plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was 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 directly owns 31,228 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through 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.