Mutual of America Capital Management LLC Sells 5,480 Shares of AECOM (NYSE:ACM)

Mutual of America Capital Management LLC lessened its holdings in AECOM (NYSE:ACM) by 7.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,459 shares of the construction company’s stock after selling 5,480 shares during the period. Mutual of America Capital Management LLC’s holdings in AECOM were worth $7,483,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of AECOM by 5.5% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company’s stock worth $206,176,000 after buying an additional 122,015 shares in the last quarter. Impax Asset Management Group plc raised its stake in AECOM by 15.5% during the second quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock worth $154,464,000 after acquiring an additional 235,350 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of AECOM by 18.8% during the second quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock valued at $143,573,000 after acquiring an additional 258,250 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of AECOM by 2.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 980,228 shares of the construction company’s stock valued at $96,141,000 after purchasing an additional 26,079 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of AECOM by 67.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 808,192 shares of the construction company’s stock valued at $71,897,000 after purchasing an additional 326,423 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

Insider Activity

In related news, CFO Gaurav Kapoor sold 42,400 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total value of $4,890,416.00. Following the transaction, the chief financial officer now directly owns 31,228 shares in the company, valued at $3,601,837.52. This represents a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.42% of the company’s stock.

AECOM Trading Up 2.1 %

Shares of ACM opened at $109.19 on Tuesday. The stock’s fifty day simple moving average is $104.62 and its 200-day simple moving average is $95.65. The firm has a market capitalization of $14.64 billion, a PE ratio of 58.70, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17. AECOM has a 12-month low of $82.23 and a 12-month high of $115.74. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM declared that its board has authorized a share buyback plan on Monday, November 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

AECOM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.26 per share. This is an increase from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 0.95%. AECOM’s dividend payout ratio is presently 47.31%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ACM. Barclays lifted their price target on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Truist Financial lifted their target price on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Royal Bank of Canada increased their price target on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Citigroup lifted their price objective on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM currently has a consensus rating of “Buy” and a consensus target price of $113.29.

About AECOM

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.