US Bancorp DE Cuts Stock Holdings in AECOM (NYSE:ACM)

US Bancorp DE lowered its stake in shares of AECOM (NYSE:ACM) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,170 shares of the construction company’s stock after selling 131 shares during the period. US Bancorp DE’s holdings in AECOM were worth $766,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Franklin Resources Inc. raised its stake in AECOM by 1.5% during the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after purchasing an additional 91 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of AECOM by 1.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock valued at $977,000 after acquiring an additional 103 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of AECOM by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after acquiring an additional 109 shares during the period. Avitas Wealth Management LLC raised its stake in shares of AECOM by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock valued at $2,023,000 after acquiring an additional 110 shares during the period. Finally, Principal Securities Inc. raised its stake in shares of AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ACM. Robert W. Baird cut their target price on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Barclays raised their target price on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Truist Financial raised 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, November 22nd. Citigroup dropped their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group started coverage on shares of AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM presently has an average rating of “Buy” and an average price target of $120.38.

AECOM Price Performance

Shares of ACM stock opened at $96.01 on Tuesday. The firm has a market cap of $12.73 billion, a P/E ratio of 27.28, a P/E/G ratio of 1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The firm has a fifty day moving average of $103.95 and a two-hundred day moving average of $105.48.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. As a group, research analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.08%. The ex-dividend date is Wednesday, April 2nd. AECOM’s dividend payout ratio is currently 29.55%.

AECOM declared that its Board of Directors has authorized a stock buyback program 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 shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

AECOM Company 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.