Pathstone Holdings LLC Sells 583 Shares of AECOM (NYSE:ACM)

Pathstone Holdings LLC lessened its holdings in shares of AECOM (NYSE:ACM) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the construction company’s stock after selling 583 shares during the period. Pathstone Holdings LLC’s holdings in AECOM were worth $2,582,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ACM. EntryPoint Capital LLC acquired a new position in shares of AECOM in the first quarter valued at approximately $25,000. Price T Rowe Associates Inc. MD boosted its stake in AECOM by 7.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 87,301 shares of the construction company’s stock worth $8,564,000 after purchasing an additional 6,003 shares during the period. California State Teachers Retirement System increased its holdings in AECOM by 5.7% during the 1st quarter. California State Teachers Retirement System now owns 239,283 shares of the construction company’s stock worth $23,469,000 after purchasing an additional 12,944 shares in the last quarter. Tidal Investments LLC raised its stake in shares of AECOM by 29.1% in the 1st quarter. Tidal Investments LLC now owns 6,846 shares of the construction company’s stock valued at $671,000 after purchasing an additional 1,544 shares during the period. Finally, Plato Investment Management Ltd bought a new stake in shares of AECOM in the first quarter valued at about $741,000. Institutional investors own 85.41% of the company’s stock.

Analyst Ratings Changes

ACM has been the topic of a number of recent research reports. The Goldman Sachs Group began coverage on AECOM in a research report on Friday. They issued a “buy” rating and a $130.00 target price on the stock. Royal Bank of Canada boosted their price objective on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. KeyCorp raised their target price on shares of AECOM from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price target on shares of AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, Truist Financial increased their price objective on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $119.38.

AECOM Stock Up 0.5 %

AECOM stock opened at $116.89 on Tuesday. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.12. The firm has a market capitalization of $15.48 billion, a PE ratio of 39.29, a P/E/G ratio of 1.98 and a beta of 1.17. The company’s 50-day moving average is $106.16 and its 200-day moving average is $96.25. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13.

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

AECOM Increases Dividend

The business also recently disclosed 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 represents a $1.04 dividend on an annualized basis and a yield of 0.89%. This is a boost from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, January 2nd. AECOM’s payout ratio is 29.73%.

AECOM declared that its board has approved a stock repurchase plan on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 6.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other AECOM 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 transaction, the chief financial officer now directly owns 31,228 shares of the company’s stock, valued at $3,601,837.52. This represents a 57.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

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.