ING Groep NV Buys 16,200 Shares of AECOM (NYSE:ACM)

ING Groep NV grew its position in shares of AECOM (NYSE:ACM) by 150.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 27,000 shares of the construction company’s stock after acquiring an additional 16,200 shares during the quarter. ING Groep NV’s holdings in AECOM were worth $2,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC purchased a new stake in AECOM during the first quarter valued at $25,000. Family Firm Inc. purchased a new stake in shares of AECOM during the 2nd quarter valued at about $31,000. UMB Bank n.a. lifted its stake in shares of AECOM by 196.2% in the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after purchasing an additional 257 shares during the period. Kathleen S. Wright Associates Inc. purchased a new position in shares of AECOM in the third quarter worth approximately $50,000. Finally, Versant Capital Management Inc grew its position in AECOM by 4,375.0% during the second quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock valued at $47,000 after buying an additional 525 shares during the period. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the 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 completion of the transaction, the chief financial officer now owns 31,228 shares of the company’s stock, valued at $3,601,837.52. This represents a 57.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. KeyCorp lifted their price target on shares of AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Citigroup boosted their price target on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Truist Financial upped their price target on AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Barclays lifted their price objective on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, Royal Bank of Canada increased their target price on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $113.29.

AECOM Stock Down 0.3 %

NYSE ACM opened at $106.93 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. AECOM has a 12 month low of $82.23 and a 12 month high of $115.74. The stock’s 50 day moving average is $104.62 and its 200 day moving average is $95.63. The stock has a market cap of $14.34 billion, a PE ratio of 57.49, a P/E/G ratio of 1.69 and a beta of 1.17.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, October 2nd were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.82%. AECOM’s dividend payout ratio is 47.31%.

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.