Vontobel Holding Ltd. Cuts Stake in AECOM (NYSE:ACM)

Vontobel Holding Ltd. trimmed its position in shares of AECOM (NYSE:ACM) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 110,898 shares of the construction company’s stock after selling 3,119 shares during the quarter. Vontobel Holding Ltd. owned about 0.08% of AECOM worth $11,846,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ACM. Private Trust Co. NA purchased a new stake in AECOM during the 3rd quarter valued at about $30,000. True Wealth Design LLC grew its position in AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after purchasing an additional 297 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in AECOM during the 4th quarter valued at about $51,000. Mirae Asset Global Investments Co. Ltd. bought a new position in AECOM during the 3rd quarter valued at about $59,000. Finally, UMB Bank n.a. lifted its stake in AECOM by 82.5% during the 4th quarter. UMB Bank n.a. now owns 708 shares of the construction company’s stock valued at $76,000 after acquiring an additional 320 shares during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on ACM. Truist Financial upped their target price on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Robert W. Baird lowered their target price on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Barclays upped their target price on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Citigroup lowered their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $120.38.

AECOM Price Performance

Shares of NYSE:ACM opened at $100.34 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.13. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The company has a market capitalization of $13.31 billion, a P/E ratio of 28.51, a P/E/G ratio of 1.81 and a beta of 1.19. The firm’s 50 day simple moving average is $107.69 and its two-hundred day simple moving average is $104.86.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Research analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.04%. This is a boost from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio (DPR) is presently 29.55%.

AECOM announced that its board has initiated a stock repurchase plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 6.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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.