AECOM (NYSE:ACM) Shares Sold by Barclays PLC

Barclays PLC lessened its position in AECOM (NYSE:ACM) by 22.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 194,949 shares of the construction company’s stock after selling 56,871 shares during the period. Barclays PLC owned approximately 0.15% of AECOM worth $20,133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Private Trust Co. NA acquired a new stake in AECOM in the third quarter valued at about $30,000. Family Firm Inc. acquired a new position in AECOM during the 2nd quarter worth approximately $31,000. True Wealth Design LLC raised its stake 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 worth $31,000 after buying an additional 297 shares in the last quarter. UMB Bank n.a. lifted its holdings 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 valued at $40,000 after buying an additional 257 shares during the period. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of AECOM in the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup raised their target price on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. KeyCorp boosted their price objective on shares of AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Truist Financial upped their price target on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Finally, The Goldman Sachs Group began coverage on AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 target price on the stock. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM has an average rating of “Buy” and a consensus target price of $119.38.

Insider Activity

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total value of $4,890,416.00. Following the sale, the chief financial officer now directly owns 31,228 shares of the company’s stock, valued at approximately $3,601,837.52. This trade represents a 57.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.42% of the company’s stock.

AECOM Stock Down 0.5 %

Shares of NYSE:ACM opened at $111.51 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $14.77 billion, a P/E ratio of 37.67, a P/E/G ratio of 1.92 and a beta of 1.17. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The stock’s fifty day simple moving average is $110.09 and its 200-day simple moving average is $98.77.

AECOM (NYSE:ACM) last released its earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share (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 company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. As a group, equities research analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 0.93%. AECOM’s payout ratio is 35.14%.

AECOM declared that its board has authorized 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 buy up to 6.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is 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.