AECOM (NYSE:ACM) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC trimmed its holdings in AECOM (NYSE:ACM) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,993 shares of the construction company’s stock after selling 1,983 shares during the quarter. Perigon Wealth Management LLC’s holdings in AECOM were worth $4,852,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new position in shares of AECOM in the 3rd quarter valued at about $30,000. True Wealth Design LLC raised its position in AECOM by 4,242.9% during the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after acquiring an additional 297 shares in the last quarter. UMB Bank n.a. boosted its position in AECOM by 196.2% in the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after purchasing an additional 257 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in shares of AECOM during the 3rd quarter worth approximately $50,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of AECOM during the 3rd quarter valued at approximately $59,000. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Trading Down 1.2 %

Shares of ACM stock opened at $105.42 on Wednesday. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s fifty day moving average is $110.31 and its two-hundred day moving average is $103.66. The firm has a market capitalization of $13.98 billion, a P/E ratio of 35.61, a PEG ratio of 1.89 and a beta of 1.19.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. AECOM had a net margin of 2.50% and a return on equity of 25.46%. AECOM’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 earnings per share. Research analysts expect that AECOM will post 5.08 earnings per share for the current fiscal year.

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

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Thursday, January 2nd. This is a boost from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio (DPR) is currently 35.14%.

Insider Buying and Selling

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the firm’s 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. The Goldman Sachs Group initiated coverage on AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target for the company. Robert W. Baird increased their price target on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. KeyCorp cut their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Citigroup increased their target price on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM presently has a consensus rating of “Buy” and an average target price 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.