AECOM (NYSE:ACM) Position Lowered by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC trimmed its position in AECOM (NYSE:ACM) by 1.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,938 shares of the construction company’s stock after selling 109 shares during the period. Pallas Capital Advisors LLC’s holdings in AECOM were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ACM. Mackenzie Financial Corp boosted its position in AECOM by 12.5% during the 2nd quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company’s stock valued at $936,000 after purchasing an additional 1,180 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of AECOM by 5.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company’s stock worth $26,714,000 after buying an additional 12,224 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 in the last quarter. TT International Asset Management LTD bought a new stake in AECOM during the 4th quarter valued at $3,578,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in AECOM by 60.5% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 26,051 shares of the construction company’s stock worth $2,296,000 after acquiring an additional 9,815 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Gaurav Kapoor sold 42,400 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total transaction 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. The trade was a 57.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is owned by corporate insiders.

AECOM Stock Up 1.2 %

Shares of NYSE:ACM opened at $109.82 on Wednesday. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $14.55 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 1.92 and a beta of 1.19. The firm has a 50 day simple moving average of $110.65 and a 200 day simple moving average of $102.01.

AECOM (NYSE:ACM) last released its earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company earned $1.01 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, research analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM declared that its Board of Directors has authorized a stock repurchase program on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors 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 paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is 35.14%.

Analyst Ratings Changes

ACM has been the topic of several research analyst reports. KeyCorp lowered their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird upped their price objective on AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Truist Financial boosted their price target 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, The Goldman Sachs Group began coverage on shares of AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective for the company. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $119.25.

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.