AECOM (NYSE:ACM) Holdings Cut by HBW Advisory Services LLC

HBW Advisory Services LLC cut its stake in shares of AECOM (NYSE:ACM) by 18.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,832 shares of the construction company’s stock after selling 870 shares during the quarter. HBW Advisory Services LLC’s holdings in AECOM were worth $409,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in AECOM in the third quarter worth $42,201,000. DekaBank Deutsche Girozentrale increased its holdings in shares of AECOM by 67.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 808,192 shares of the construction company’s stock worth $71,897,000 after acquiring an additional 326,423 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in AECOM by 17.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock worth $205,429,000 after buying an additional 289,513 shares during the period. National Bank of Canada FI boosted its holdings in shares of AECOM by 1,847.8% in the third quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock worth $28,384,000 after buying an additional 260,746 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after acquiring an additional 220,035 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Price Performance

NYSE ACM opened at $105.94 on Friday. The firm has a market cap of $14.03 billion, a P/E ratio of 35.79, a price-to-earnings-growth ratio of 1.92 and a beta of 1.19. The stock’s 50-day moving average is $110.70 and its two-hundred day moving average is $101.44. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. 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 announced its quarterly 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. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Increases Dividend

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

AECOM declared that its board has approved a stock buyback plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 6.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have issued reports on ACM. Robert W. Baird boosted their target price 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. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Truist Financial increased their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. KeyCorp dropped their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group started coverage on shares of AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has an average rating of “Buy” and an average price target of $119.25.

Insider Activity at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total transaction of $4,890,416.00. Following the completion of the transaction, the chief financial officer now directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate insiders.

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.