Hilltop National Bank Sells 135 Shares of AECOM (NYSE:ACM)

Hilltop National Bank decreased its position in shares of AECOM (NYSE:ACM) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,110 shares of the construction company’s stock after selling 135 shares during the quarter. Hilltop National Bank’s holdings in AECOM were worth $332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ACM. Private Trust Co. NA bought a new stake in AECOM during the third quarter worth about $30,000. True Wealth Design LLC lifted its holdings in shares of AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after acquiring an additional 297 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of AECOM by 196.2% in the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after acquiring an additional 257 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new position in shares of AECOM in the third quarter worth about $50,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of AECOM in the third quarter worth about $59,000. Institutional investors own 85.41% of the company’s stock.

Insider Buying and Selling

In related news, CFO Gaurav Kapoor sold 42,400 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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 trade represents a 57.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is owned by company insiders.

AECOM Stock Performance

NYSE:ACM opened at $105.94 on Friday. The company has a market capitalization of $14.03 billion, a PE ratio of 35.79, a P/E/G ratio of 1.92 and a beta of 1.19. The company has a 50 day simple moving average of $110.70 and a two-hundred day simple moving average of $101.44. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.24 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. Research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM declared that its Board of Directors has initiated a share 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 purchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

AECOM Increases Dividend

The company also recently announced 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 a boost from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, January 2nd. AECOM’s dividend payout ratio (DPR) is currently 35.14%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ACM. The Goldman Sachs Group began coverage on shares of AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 target price for the company. Robert W. Baird increased their target price on shares of AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Truist Financial increased their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Finally, KeyCorp lowered their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM presently has a consensus rating of “Buy” and a consensus 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.