Insider Selling: AECOM (NYSE:ACM) CFO Sells $4,890,416.00 in Stock

AECOM (NYSE:ACM) 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 value of $4,890,416.00. Following the transaction, the chief financial officer now directly owns 31,228 shares in the company, valued at approximately $3,601,837.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AECOM Stock Down 0.3 %

AECOM stock opened at $110.39 on Friday. AECOM has a fifty-two week low of $78.11 and a fifty-two week high of $115.74. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50-day simple moving average is $103.29 and its 200 day simple moving average is $95.05. The stock has a market cap of $14.80 billion, a PE ratio of 59.35, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Wednesday, October 2nd. AECOM’s dividend payout ratio is presently 47.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ACM shares. Citigroup upped their target price on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Royal Bank of Canada lifted their price objective on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Truist Financial raised their price target on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, KeyCorp boosted their price objective on AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $113.29.

Institutional Trading of AECOM

A number of hedge funds have recently bought and sold shares of the business. EntryPoint Capital LLC bought a new position in AECOM in the 1st quarter valued at $25,000. Family Firm Inc. bought a new position in AECOM during the second quarter valued at about $31,000. UMB Bank n.a. increased 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 buying an additional 257 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in AECOM during the third quarter worth about $50,000. Finally, Versant Capital Management Inc raised its position in AECOM by 4,375.0% in the second quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock worth $47,000 after acquiring an additional 525 shares during the period. 85.41% of the stock is currently owned by institutional investors.

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.