KBC Group NV Purchases 1,221 Shares of AECOM (NYSE:ACM)

KBC Group NV boosted its holdings in AECOM (NYSE:ACM) by 8.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,475 shares of the construction company’s stock after acquiring an additional 1,221 shares during the quarter. KBC Group NV’s holdings in AECOM were worth $1,599,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. EntryPoint Capital LLC bought a new stake in AECOM during the 1st quarter worth approximately $25,000. Family Firm Inc. purchased a new position in shares of AECOM during the second quarter valued at approximately $31,000. UMB Bank n.a. boosted its position in shares of AECOM by 196.2% during the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after buying an additional 257 shares during the last quarter. Versant Capital Management Inc grew its holdings in AECOM by 4,375.0% during the second quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock worth $47,000 after buying an additional 525 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in AECOM in the 3rd quarter valued at $50,000. Institutional investors own 85.41% of the company’s stock.

Insider Buying and Selling at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of AECOM 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 in the company, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.42% of the company’s stock.

AECOM Stock Up 2.1 %

AECOM stock opened at $109.19 on Tuesday. The firm has a 50 day moving average price of $104.62 and a 200-day moving average price of $95.65. 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 has a twelve month low of $82.23 and a twelve month high of $115.74. The company has a market capitalization of $14.64 billion, a P/E ratio of 58.47, a P/E/G ratio of 1.61 and a beta of 1.17.

AECOM declared that its board has approved a share buyback program on Monday, November 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

AECOM Increases Dividend

The company 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 $0.26 dividend. 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 (DPR) is currently 47.31%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ACM shares. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Royal Bank of Canada boosted their price target 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 increased their price objective 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. Citigroup upped their target price on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, KeyCorp increased their price target on AECOM from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average 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.