Ontario Teachers Pension Plan Board Lowers Stock Holdings in AECOM (NYSE:ACM)

Ontario Teachers Pension Plan Board lowered its position in shares of AECOM (NYSE:ACM) by 59.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,494 shares of the construction company’s stock after selling 32,634 shares during the period. Ontario Teachers Pension Plan Board’s holdings in AECOM were worth $2,323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACM. Barrow Hanley Mewhinney & Strauss LLC grew its position in AECOM by 5.5% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company’s stock valued at $206,176,000 after acquiring an additional 122,015 shares during the last quarter. Impax Asset Management Group plc raised its position in AECOM by 15.5% in the 2nd quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock worth $154,464,000 after purchasing an additional 235,350 shares during the period. Bank of New York Mellon Corp lifted its stake in AECOM by 18.8% in the second quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock worth $143,573,000 after purchasing an additional 258,250 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in AECOM by 2.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 980,228 shares of the construction company’s stock worth $96,141,000 after purchasing an additional 26,079 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in AECOM by 67.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 808,192 shares of the construction company’s stock valued at $71,897,000 after buying an additional 326,423 shares during the period. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Stock Down 0.3 %

Shares of AECOM stock opened at $108.80 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. AECOM has a 12-month low of $82.23 and a 12-month high of $115.74. The company has a market cap of $14.59 billion, a P/E ratio of 36.76, a PEG ratio of 1.61 and a beta of 1.17. The company’s fifty day simple moving average is $104.92 and its two-hundred day simple moving average is $95.75.

AECOM (NYSE:ACM) last released its quarterly earnings results 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 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 1.61% and a return on equity of 24.14%. AECOM’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 earnings per share. Research analysts anticipate that AECOM will post 4.47 EPS for the current year.

AECOM Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. AECOM’s payout ratio is currently 29.73%.

AECOM announced that its Board of Directors has authorized a share 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 stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

ACM has been the subject of a number of recent research reports. Barclays boosted their target price on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. KeyCorp boosted their price objective on 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 raised 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. Truist Financial upped their price target on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $116.43.

Insider Buying and Selling

In other news, CFO Gaurav Kapoor sold 42,400 shares of the business’s 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 sale, the chief financial officer now owns 31,228 shares in the company, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.42% of the stock is owned by insiders.

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.