AECOM (NYSE:ACM) Director Sells $836,453.16 in Stock

AECOM (NYSE:ACM) Director Douglas Stotlar sold 9,641 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $86.76, for a total transaction of $836,453.16. Following the transaction, the director now owns 39,818 shares in the company, valued at approximately $3,454,609.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

AECOM Stock Performance

Shares of ACM stock traded down $0.12 during trading hours on Monday, reaching $86.86. 556,762 shares of the company’s stock were exchanged, compared to its average volume of 866,058. The business has a fifty day moving average price of $81.13 and a 200-day moving average price of $83.44. The stock has a market capitalization of $12.05 billion, a P/E ratio of 224.03, a P/E/G ratio of 1.33 and a beta of 1.30. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.82. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $92.16.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, November 14th. The construction company reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.70 billion. AECOM had a net margin of 0.38% and a return on equity of 19.45%. The business’s revenue was down 49.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. Analysts predict that AECOM will post 4.4 EPS for the current fiscal year.

AECOM declared that its board has approved a stock repurchase plan on Monday, November 13th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to buy up to 8.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

AECOM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Monday, December 4th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, January 3rd. This is an increase from AECOM’s previous quarterly dividend of $0.18. This represents a $0.88 dividend on an annualized basis and a yield of 1.01%. AECOM’s dividend payout ratio (DPR) is 184.62%.

Analyst Ratings Changes

Several equities analysts have commented on ACM shares. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Royal Bank of Canada increased their price objective on AECOM from $102.00 to $109.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. Citigroup reduced their target price on AECOM from $105.00 to $93.00 and set a “buy” rating for the company in a report on Monday, October 23rd. Finally, Credit Suisse Group lowered their price target on AECOM from $101.00 to $99.00 and set an “outperform” rating on the stock in a report on Wednesday, August 9th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $98.43.

Institutional Trading of AECOM

A number of hedge funds have recently modified their holdings of the company. Asset Management One Co. Ltd. lifted its position in AECOM by 5.5% in the second quarter. Asset Management One Co. Ltd. now owns 109,281 shares of the construction company’s stock worth $9,255,000 after purchasing an additional 5,682 shares during the period. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of AECOM by 1.1% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 76,151 shares of the construction company’s stock worth $6,449,000 after acquiring an additional 808 shares during the period. Shelton Capital Management boosted its position in shares of AECOM by 171.5% during the 1st quarter. Shelton Capital Management now owns 122,180 shares of the construction company’s stock valued at $10,302,000 after acquiring an additional 77,180 shares in the last quarter. Avitas Wealth Management LLC increased its stake in AECOM by 1.0% in the second quarter. Avitas Wealth Management LLC now owns 17,685 shares of the construction company’s stock valued at $1,498,000 after acquiring an additional 181 shares during the period. Finally, Pacer Advisors Inc. acquired a new position in AECOM in the second quarter worth about $2,066,000. Institutional investors own 84.79% 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 commercial and government clients.