Thrivent Financial for Lutherans decreased its holdings in shares of AECOM (NYSE:ACM - Free Report) by 10.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 271,788 shares of the construction company's stock after selling 30,359 shares during the period. Thrivent Financial for Lutherans owned about 0.20% of AECOM worth $28,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of ACM. Ninety One UK Ltd bought a new stake in shares of AECOM during the 2nd quarter valued at $46,109,000. International Assets Investment Management LLC bought a new stake in shares of AECOM during the 3rd quarter valued at $42,201,000. DekaBank Deutsche Girozentrale grew its position in shares of AECOM by 451.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 481,769 shares of the construction company's stock valued at $47,617,000 after acquiring an additional 394,481 shares during the period. Bank of New York Mellon Corp grew its position in shares of AECOM by 18.8% during the 2nd 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. Finally, Impax Asset Management Group plc grew its position in shares of AECOM by 15.5% during the 2nd quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company's stock valued at $154,464,000 after acquiring an additional 235,350 shares during the period. Institutional investors own 85.41% of the company's stock.
ACM opened at $108.80 on Wednesday. The firm has a 50-day simple moving average of $104.92 and a two-hundred day simple moving average of $95.75. AECOM has a 52 week low of $82.23 and a 52 week high of $115.74. The company has a market capitalization of $14.59 billion, a PE ratio of 58.49, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17. 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 (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.24 by $0.03. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. The business's revenue was up 4.9% on a year-over-year basis. Analysts forecast that AECOM will post 4.47 earnings per share for the current fiscal year.
AECOM declared that its Board of Directors has approved a share buyback plan on Monday, November 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy up to 6.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be issued a $0.26 dividend. This is an increase from AECOM's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. AECOM's dividend payout ratio (DPR) is presently 47.31%.
In related news, CFO Gaurav Kapoor sold 42,400 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 31,228 shares of the company's stock, valued at approximately $3,601,837.52. This trade represents a 57.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is owned by insiders.
ACM has been the subject of a number of recent research reports. StockNews.com raised shares of AECOM from a "hold" rating to a "buy" rating in a research report on Sunday, October 27th. Royal Bank of Canada upped their target price on shares of AECOM from $112.00 to $113.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Truist Financial upped their target price on shares of AECOM from $108.00 to $119.00 and gave the stock a "buy" rating in a report on Friday, October 4th. KeyCorp upped their target price on shares of AECOM from $115.00 to $122.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Finally, Barclays upped their target price on shares of AECOM from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, August 8th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM has a consensus rating of "Buy" and a consensus target price of $116.43.
Get Our Latest Research Report on ACM
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.
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