Hilltop National Bank Sells 135 Shares of AECOM (NYSE:ACM)

Hilltop National Bank lowered its position in shares of AECOM (NYSE:ACM) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,110 shares of the construction company’s stock after selling 135 shares during the quarter. Hilltop National Bank’s holdings in AECOM were worth $332,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ACM. Private Trust Co. NA acquired a new position in AECOM during the 3rd quarter worth approximately $30,000. True Wealth Design LLC boosted its position in 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 acquiring an additional 297 shares during the last quarter. UMB Bank n.a. boosted its position in AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after acquiring an additional 257 shares during the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in AECOM during the 3rd quarter worth approximately $50,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in AECOM during the 3rd quarter worth approximately $59,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. The Goldman Sachs Group assumed coverage on AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective for the company. KeyCorp cut their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday. Citigroup increased their price objective on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird increased their price objective on AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, AECOM has an average rating of “Buy” and an average price target of $119.25.

Insider Buying and Selling at AECOM

In other 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 value of $4,890,416.00. Following the completion of the sale, the chief financial officer now owns 31,228 shares of the company’s stock, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.42% of the company’s stock.

AECOM Price Performance

NYSE:ACM opened at $105.94 on Friday. AECOM has a one year low of $82.23 and a one year high of $118.56. The company has a market cap of $14.03 billion, a P/E ratio of 35.79, a P/E/G ratio of 1.92 and a beta of 1.19. The firm’s fifty day moving average price is $110.70 and its two-hundred day moving average price is $101.44. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.24 by $0.03. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the company earned $1.01 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Increases Dividend

The business also recently disclosed 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. This is an increase from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, January 2nd. AECOM’s payout ratio is currently 35.14%.

AECOM announced that its Board of Directors has initiated a share buyback plan on Monday, November 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

AECOM 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.