Victory Capital Management Inc. Sells 2,280 Shares of AECOM (NYSE:ACM)

Victory Capital Management Inc. lessened its position in shares of AECOM (NYSE:ACM) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,028 shares of the construction company’s stock after selling 2,280 shares during the period. Victory Capital Management Inc.’s holdings in AECOM were worth $6,412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACM. Geode Capital Management LLC increased its holdings in shares of AECOM by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company’s stock worth $233,918,000 after buying an additional 14,511 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AECOM by 17.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock worth $205,429,000 after buying an additional 289,513 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of AECOM by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 893,903 shares of the construction company’s stock worth $95,487,000 after buying an additional 6,513 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of AECOM by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after buying an additional 220,035 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of AECOM by 5.7% in the 3rd quarter. Citigroup Inc. now owns 585,174 shares of the construction company’s stock worth $60,431,000 after buying an additional 31,299 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.

AECOM Trading Up 2.2 %

Shares of ACM opened at $95.19 on Friday. The stock has a market capitalization of $12.63 billion, a P/E ratio of 27.04, a PEG ratio of 1.63 and a beta of 1.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $102.95 and a two-hundred day simple moving average of $105.26. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating 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%. On average, research analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM announced that its Board of Directors has authorized a stock buyback plan on Monday, November 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to buy up to 6.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 1.09%. AECOM’s payout ratio is currently 29.55%.

Analyst Ratings Changes

A number of brokerages have recently commented on ACM. Robert W. Baird decreased their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Citigroup reduced their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. The Goldman Sachs Group assumed coverage on shares of AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 target price on the stock. Truist Financial increased their target price on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Barclays increased their target price on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $120.38.

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.