AECOM (NYSE:ACM) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in AECOM (NYSE:ACM) by 6.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,308 shares of the construction company’s stock after selling 4,514 shares during the period. Victory Capital Management Inc.’s holdings in AECOM were worth $6,435,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new stake in AECOM in the first quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in AECOM in the second quarter worth approximately $31,000. UMB Bank n.a. lifted its position in AECOM by 196.2% in 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 during the period. Kathleen S. Wright Associates Inc. acquired a new stake in AECOM in the third quarter worth approximately $50,000. Finally, Versant Capital Management Inc lifted its position in shares of AECOM by 4,375.0% during 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 during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Gaurav Kapoor sold 42,400 shares of the 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 completion of the transaction, the chief financial officer now owns 31,228 shares in the company, valued at approximately $3,601,837.52. This represents a 57.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Citigroup increased their price objective on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Robert W. Baird increased their price objective on AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a research report on Tuesday. The Goldman Sachs Group assumed coverage on AECOM in a research report on Friday. They set a “buy” rating and a $130.00 price objective for the company. Truist Financial boosted their target price on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday. Finally, KeyCorp boosted 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. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $119.38.

AECOM Price Performance

NYSE:ACM opened at $116.30 on Friday. The stock has a market cap of $15.59 billion, a P/E ratio of 38.35, a PEG ratio of 1.64 and a beta of 1.17. AECOM has a one year low of $82.23 and a one year high of $116.76. The company has a fifty day moving average price of $105.79 and a 200 day moving average price of $96.06. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13.

AECOM (NYSE:ACM) last released 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 analysts’ expectations of $1.86 billion. AECOM had a net margin of 2.50% and a return on equity of 25.28%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 EPS. Analysts anticipate that AECOM will post 4.95 earnings per share for the current year.

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

AECOM Increases Dividend

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

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.