International Assets Investment Management LLC Trims Position in AECOM (NYSE:ACM)

International Assets Investment Management LLC cut its holdings in shares of AECOM (NYSE:ACM) by 16.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 342,631 shares of the construction company’s stock after selling 66,020 shares during the period. International Assets Investment Management LLC’s holdings in AECOM were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. TD Asset Management Inc grew its holdings in AECOM by 2.9% during the second quarter. TD Asset Management Inc now owns 12,489 shares of the construction company’s stock worth $1,101,000 after acquiring an additional 352 shares during the period. Caprock Group LLC boosted its position in AECOM by 7.2% in the 2nd quarter. Caprock Group LLC now owns 2,562 shares of the construction company’s stock worth $226,000 after purchasing an additional 173 shares in the last quarter. Choreo LLC acquired a new stake in shares of AECOM during the 2nd quarter worth approximately $272,000. American Century Companies Inc. lifted its stake in shares of AECOM by 9.0% in the 2nd quarter. American Century Companies Inc. now owns 14,927 shares of the construction company’s stock valued at $1,316,000 after purchasing an additional 1,234 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in AECOM by 67.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 808,192 shares of the construction company’s stock worth $71,897,000 after buying an additional 326,423 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup lifted their price objective on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group initiated coverage on AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target for the company. Robert W. Baird increased their price target on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Finally, Truist Financial lifted their price target on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has a consensus rating of “Buy” and an average price target of $119.25.

AECOM Stock Down 1.3 %

NYSE ACM opened at $105.94 on Friday. The business has a fifty day moving average price of $110.65 and a 200 day moving average price of $101.54. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. 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. AECOM has a one year low of $82.23 and a one year high of $118.56.

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

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.26 per share. This is a boost 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 of this dividend is Thursday, January 2nd. AECOM’s payout ratio is currently 35.14%.

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

Insider Activity

In related news, CFO Gaurav Kapoor sold 42,400 shares of the company’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. This represents a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.42% of the company’s stock.

About AECOM

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.