Ninety One UK Ltd Sells 125,503 Shares of AECOM (NYSE:ACM)

Ninety One UK Ltd lessened its holdings in shares of AECOM (NYSE:ACM) by 7.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,479,519 shares of the construction company’s stock after selling 125,503 shares during the period. Ninety One UK Ltd owned 1.12% of AECOM worth $158,042,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Trust Co. NA bought a new stake in AECOM during the 3rd quarter worth about $30,000. True Wealth Design LLC lifted its position in shares of AECOM by 4,242.9% during the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after purchasing an additional 297 shares in the last quarter. UMB Bank n.a. grew its stake in shares of AECOM by 196.2% during the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after purchasing an additional 257 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new position in AECOM in the 3rd quarter worth approximately $50,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in AECOM in the 3rd quarter worth approximately $59,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ACM. Robert W. Baird decreased their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday. The Goldman Sachs Group started coverage on AECOM in a research report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective for the company. Truist Financial upped their target price on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Citigroup lowered their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, KeyCorp cut their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $118.50.

AECOM Stock Up 0.4 %

Shares of NYSE:ACM opened at $104.22 on Wednesday. The company has a 50 day moving average price of $109.34 and a two-hundred day moving average price of $104.20. The company has a market capitalization of $13.82 billion, a PE ratio of 35.21, a PEG ratio of 1.80 and a beta of 1.19. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. 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 (NYSE:ACM) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.50% and a return on equity of 25.46%. Analysts forecast that AECOM will post 5.08 earnings per share for the current year.

AECOM Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 1.00%. AECOM’s payout ratio is currently 29.55%.

AECOM declared that its Board of Directors has authorized a share buyback 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 shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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.