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

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in shares of AECOM during the first quarter worth about $25,000. Family Firm Inc. acquired a new position in shares of AECOM in the second quarter worth about $31,000. UMB Bank n.a. lifted its stake in shares of 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 acquiring an additional 257 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in shares of AECOM in the third quarter worth about $50,000. Finally, Versant Capital Management Inc lifted its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Up 3.3 %

NYSE:ACM opened at $116.30 on Friday. The firm has a market capitalization of $15.59 billion, a PE ratio of 38.35, a price-to-earnings-growth ratio of 1.64 and a beta of 1.17. The stock has a 50 day moving average of $105.79 and a 200-day moving average of $96.06. AECOM has a 52 week low of $82.23 and a 52 week high of $116.76. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last posted 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 company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. AECOM had a return on equity of 25.28% and a net margin of 2.50%. The business’s 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 earnings per share. Analysts predict that AECOM will post 4.95 EPS for the current 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. The ex-dividend date is 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 0.89%. AECOM’s dividend payout ratio is 29.73%.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on ACM shares. Barclays boosted their price target on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Royal Bank of Canada boosted their price target on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Citigroup boosted their price target on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Truist Financial boosted their price target on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Robert W. Baird boosted their price objective on AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a report on Tuesday. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $119.38.

Insider Activity

In other news, CFO Gaurav Kapoor sold 42,400 shares of the business’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 approximately $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 SEC, which is accessible through the SEC website. Corporate insiders own 0.42% of the company’s stock.

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.