WASHINGTON TRUST Co Sells 824 Shares of AECOM (NYSE:ACM)

WASHINGTON TRUST Co trimmed its position in shares of AECOM (NYSE:ACM) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,287 shares of the construction company’s stock after selling 824 shares during the period. WASHINGTON TRUST Co’s holdings in AECOM were worth $1,526,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of AECOM during the 3rd quarter worth about $42,201,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in AECOM by 17.0% during the third 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 worth $205,429,000 after buying an additional 289,513 shares during the last quarter. National Bank of Canada FI raised its stake in AECOM by 1,847.8% in the third quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock valued at $28,384,000 after buying an additional 260,746 shares during the period. JPMorgan Chase & Co. lifted its position in shares of AECOM by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after buying an additional 220,035 shares during the last quarter. Finally, Verition Fund Management LLC boosted its stake in shares of AECOM by 293.7% during the 3rd quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company’s stock worth $18,651,000 after acquiring an additional 134,730 shares during the period. 85.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ACM has been the topic of a number of research analyst reports. Barclays increased their price target on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Citigroup cut their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Truist Financial increased their price target on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, KeyCorp decreased their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $120.38.

AECOM Stock Down 1.8 %

Shares of ACM opened at $100.34 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 1.02. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The firm’s 50 day moving average is $107.69 and its 200-day moving average is $104.86. The stock has a market capitalization of $13.31 billion, a PE ratio of 28.51, a P/E/G ratio of 1.81 and a beta of 1.19.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. Equities research analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Thursday, January 2nd. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is 29.55%.

AECOM declared that its board has approved a stock repurchase plan on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.