Public Employees Retirement System of Ohio Decreases Holdings in AECOM (NYSE:ACM)

Public Employees Retirement System of Ohio cut its stake in AECOM (NYSE:ACM) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,295 shares of the construction company’s stock after selling 2,456 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in AECOM were worth $5,091,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in 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 buying an additional 103 shares during the last quarter. Fifth Third Bancorp grew its stake in AECOM by 6.7% during the 2nd quarter. Fifth Third Bancorp now owns 1,808 shares of the construction company’s stock valued at $159,000 after purchasing an additional 114 shares in the last quarter. CIBC Asset Management Inc increased its holdings in AECOM by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock worth $408,000 after purchasing an additional 132 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of AECOM by 4.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,102 shares of the construction company’s stock valued at $273,000 after purchasing an additional 138 shares in the last quarter. Finally, Nilsine Partners LLC boosted its stake in shares of AECOM by 1.1% during the 2nd quarter. Nilsine Partners LLC now owns 13,981 shares of the construction company’s stock valued at $1,232,000 after buying an additional 152 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

ACM has been the subject of a number of research analyst reports. Citigroup lifted their price target on shares of 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 target price on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. The Goldman Sachs Group initiated coverage on AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective for the company. Finally, Robert W. Baird increased their target price on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Nine investment 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 $119.38.

Insider Buying and Selling at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction 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 sale, the chief financial officer now owns 31,228 shares of the company’s stock, valued at $3,601,837.52. The trade was a 57.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is currently owned by company insiders.

AECOM Stock Down 0.5 %

NYSE:ACM opened at $111.51 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. The stock has a 50 day moving average of $110.09 and a 200-day moving average of $98.77. The firm has a market capitalization of $14.77 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. Analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be given a $0.26 dividend. The ex-dividend date is Thursday, January 2nd. This is an increase from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 0.93%. AECOM’s dividend payout ratio (DPR) is currently 35.14%.

AECOM announced that its Board of Directors has authorized a share repurchase plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 6.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership 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.