King Luther Capital Management Corp Cuts Position in AECOM (NYSE:ACM)

King Luther Capital Management Corp lessened its stake in AECOM (NYSE:ACM) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,340 shares of the construction company’s stock after selling 4,816 shares during the quarter. King Luther Capital Management Corp’s holdings in AECOM were worth $3,882,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in shares of AECOM by 1.5% during the 3rd 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 last quarter. Ranch Capital Advisors Inc. boosted its stake in shares of AECOM by 2.3% during the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock worth $479,000 after purchasing an additional 99 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of AECOM by 1.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock worth $977,000 after purchasing an additional 103 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of AECOM by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock worth $809,000 after purchasing an additional 109 shares during the last quarter. Finally, Avitas Wealth Management LLC boosted its stake in shares of AECOM by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock worth $2,023,000 after purchasing an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ACM shares. The Goldman Sachs Group started coverage on shares of AECOM in a research report on Friday, November 22nd. They issued a “buy” rating and a $130.00 target price on the stock. KeyCorp decreased their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Barclays raised their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Truist Financial raised 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. Finally, Citigroup decreased their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $120.38.

AECOM Trading Up 0.3 %

NYSE ACM opened at $94.68 on Thursday. AECOM has a one year low of $82.23 and a one year high of $118.56. The company’s 50 day moving average price is $103.46 and its 200 day moving average price is $105.38. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.63 and a beta of 1.22.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS 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, sell-side analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.10%. AECOM’s dividend payout ratio is currently 29.55%.

AECOM announced that its board has initiated a share repurchase plan on Monday, November 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is 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.