AECOM (NYSE:ACM) Stock Holdings Increased by Captrust Financial Advisors

Captrust Financial Advisors grew its holdings in shares of AECOM (NYSE:ACM) by 28.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,742 shares of the construction company’s stock after acquiring an additional 1,480 shares during the quarter. Captrust Financial Advisors’ holdings in AECOM were worth $696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Private Trust Co. NA bought a new position in AECOM in the 3rd quarter valued at about $30,000. Family Firm Inc. acquired a new position in shares of AECOM during the second quarter valued at approximately $31,000. UMB Bank n.a. raised its holdings in AECOM by 196.2% during the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after purchasing an additional 257 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in AECOM in the third quarter worth approximately $50,000. Finally, ORG Partners LLC bought a new position in AECOM during the 2nd quarter valued at $51,000. Institutional investors own 85.41% of the company’s stock.

Insider Buying and Selling at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the business’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 transaction, the chief financial officer now owns 31,228 shares in the company, valued at $3,601,837.52. The trade was a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

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

AECOM Price Performance

Shares of NYSE:ACM opened at $112.47 on Wednesday. The company’s fifty day moving average is $109.53 and its two-hundred day moving average is $98.34. The company has a market cap of $14.90 billion, a P/E ratio of 38.00, a price-to-earnings-growth ratio of 1.93 and a beta of 1.17. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.03. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the firm earned $1.01 earnings per share. AECOM’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 fiscal year.

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

AECOM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be given a dividend of $0.26 per share. 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 dividend on an annualized basis and a yield of 0.92%. AECOM’s payout ratio is presently 35.14%.

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.