King Luther Capital Management Corp Purchases 230 Shares of AECOM (NYSE:ACM)

King Luther Capital Management Corp raised its holdings in shares of AECOM (NYSE:ACM) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,156 shares of the construction company’s stock after purchasing an additional 230 shares during the quarter. King Luther Capital Management Corp’s holdings in AECOM were worth $4,250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACM. EntryPoint Capital LLC purchased a new stake in shares of AECOM during the 1st quarter valued at approximately $25,000. Family Firm Inc. bought a new stake in AECOM during the 2nd quarter valued at $31,000. UMB Bank n.a. lifted 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 worth $40,000 after acquiring an additional 257 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new position in shares of AECOM in the third quarter worth $50,000. Finally, Versant Capital Management Inc grew its position in shares of AECOM by 4,375.0% in the second quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock valued at $47,000 after purchasing an additional 525 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

Insider Transactions at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of the 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.42% of the company’s stock.

AECOM Stock Up 3.3 %

Shares of NYSE:ACM opened at $116.30 on Friday. The firm has a market capitalization of $15.59 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 1.64 and a beta of 1.17. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a 52-week low of $82.23 and a 52-week high of $116.76. The firm has a fifty day moving average of $105.79 and a 200 day moving average of $96.06.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.86 billion. AECOM had a return on equity of 25.28% and a net margin of 2.50%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 EPS. As a group, research analysts anticipate that AECOM will post 4.95 EPS for the current fiscal year.

AECOM declared that its board has approved a stock buyback program on Monday, November 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

AECOM Increases Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, January 2nd. This is an increase from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 0.89%. AECOM’s dividend payout ratio (DPR) is 29.73%.

Wall Street Analyst Weigh In

ACM has been the topic of a number of recent research reports. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. The Goldman Sachs Group started coverage on shares of AECOM in a research report on Friday. They issued a “buy” rating and a $130.00 price objective for the company. Truist Financial upped 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. Royal Bank of Canada raised their price target on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Barclays boosted their target price on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $119.38.

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.