Inceptionr LLC Sells 2,808 Shares of AECOM (NYSE:ACM)

Inceptionr LLC lowered its holdings in shares of AECOM (NYSE:ACM) by 20.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,802 shares of the construction company’s stock after selling 2,808 shares during the quarter. Inceptionr LLC’s holdings in AECOM were worth $1,154,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. grew its holdings in shares of AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Allworth Financial LP grew its holdings in shares of AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after purchasing an additional 207 shares during the last quarter. Private Trust Co. NA bought a new position in shares of AECOM during the 3rd quarter valued at $30,000. True Wealth Design LLC grew its holdings in shares of AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after purchasing an additional 297 shares during the last quarter. Finally, National Pension Service bought a new position in shares of AECOM during the 4th quarter valued at $32,000. Institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Citigroup dropped their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Barclays increased their price target on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. The Goldman Sachs Group assumed coverage on shares of AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target for the company. KeyCorp dropped their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Truist Financial increased their price target on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM presently has an average rating of “Buy” and a consensus price target of $120.38.

AECOM Trading Up 0.6 %

NYSE:ACM opened at $96.59 on Friday. The company has a 50-day moving average price of $104.39 and a 200-day moving average price of $105.37. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 1.63 and a beta of 1.22.

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

AECOM declared that its Board of Directors has initiated a share repurchase plan 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 shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.08%. AECOM’s dividend payout ratio (DPR) is currently 29.55%.

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.