Atom Investors LP Has $4.92 Million Stock Position in AECOM (NYSE:ACM)

Atom Investors LP cut its stake in shares of AECOM (NYSE:ACM) by 38.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,655 shares of the construction company’s stock after selling 29,950 shares during the period. Atom Investors LP’s holdings in AECOM were worth $4,921,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of AECOM by 7.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 87,301 shares of the construction company’s stock valued at $8,564,000 after purchasing an additional 6,003 shares in the last quarter. Tidal Investments LLC boosted its position in AECOM by 29.1% during the 1st quarter. Tidal Investments LLC now owns 6,846 shares of the construction company’s stock worth $671,000 after buying an additional 1,544 shares during the period. Cetera Advisors LLC acquired a new position in AECOM in the 1st quarter valued at approximately $636,000. GAMMA Investing LLC lifted its holdings in shares of AECOM by 47.0% during the second quarter. GAMMA Investing LLC now owns 888 shares of the construction company’s stock worth $78,000 after purchasing an additional 284 shares during the period. Finally, DNB Asset Management AS lifted its holdings in AECOM by 7.1% during the 2nd quarter. DNB Asset Management AS now owns 52,973 shares of the construction company’s stock worth $4,669,000 after buying an additional 3,506 shares during the period. 85.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Robert W. Baird increased their price objective 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. KeyCorp raised their target price on AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price target on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group started coverage on AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. Finally, Citigroup lifted their price objective on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $119.38.

Insiders Place Their Bets

In related news, CFO Gaurav Kapoor sold 42,400 shares of the firm’s stock in a transaction dated 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 directly owns 31,228 shares of the company’s stock, 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 this link. Insiders own 0.42% of the company’s stock.

AECOM Stock Up 0.2 %

AECOM stock opened at $116.97 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. The firm’s fifty day moving average price is $107.91 and its two-hundred day moving average price is $97.12. The firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 1.99 and a beta of 1.17. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the company posted $1.01 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal 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 paid a dividend of $0.26 per share. The ex-dividend date is Thursday, January 2nd. This is a boost from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 0.89%. AECOM’s dividend payout ratio (DPR) is 29.73%.

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

AECOM Company 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.