Pathstone Holdings LLC Has $2.58 Million Stock Position in AECOM (NYSE:ACM)

Pathstone Holdings LLC cut its holdings in AECOM (NYSE:ACM) by 2.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 25,000 shares of the construction company’s stock after selling 583 shares during the quarter. Pathstone Holdings LLC’s holdings in AECOM were worth $2,582,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. EntryPoint Capital LLC acquired a new position in shares of AECOM during the 1st quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in AECOM during the second quarter worth approximately $31,000. UMB Bank n.a. increased its stake 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 period. Versant Capital Management Inc raised its holdings in AECOM by 4,375.0% in the 2nd quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock valued at $47,000 after acquiring an additional 525 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of AECOM during the 3rd quarter valued at $50,000. 85.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ACM has been the topic of a number of recent analyst reports. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Barclays boosted their target price on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Robert W. Baird lifted their price objective on shares of AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group assumed coverage on shares of AECOM in a research report on Friday. They set a “buy” rating and a $130.00 price objective for the company. Finally, Truist Financial lifted their price target on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday. Nine analysts have rated the stock with a buy rating, According to MarketBeat, AECOM has an average rating of “Buy” and a consensus target price of $119.38.

AECOM Stock Up 0.5 %

Shares of ACM opened at $116.89 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a 52 week low of $82.23 and a 52 week high of $118.12. The stock has a market capitalization of $15.48 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 1.98 and a beta of 1.17. The stock has a fifty day moving average of $106.16 and a 200-day moving average of $96.25.

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

AECOM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.89%. This is a positive change from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, January 2nd. AECOM’s payout ratio is presently 29.73%.

AECOM announced that its board has approved a share repurchase plan on Monday, November 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now owns 31,228 shares of the company’s stock, 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. Corporate insiders own 0.42% of the company’s stock.

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.