Amplius Wealth Advisors LLC Trims Stock Position in AECOM (NYSE:ACM)

Amplius Wealth Advisors LLC trimmed its holdings in AECOM (NYSE:ACM) by 18.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,231 shares of the construction company’s stock after selling 517 shares during the period. Amplius Wealth Advisors LLC’s holdings in AECOM were worth $238,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACM. UMB Bank n.a. grew its stake in shares of AECOM by 82.5% during the 4th quarter. UMB Bank n.a. now owns 708 shares of the construction company’s stock worth $76,000 after purchasing an additional 320 shares during the period. HB Wealth Management LLC boosted its holdings in AECOM by 41.1% during the fourth quarter. HB Wealth Management LLC now owns 4,732 shares of the construction company’s stock worth $505,000 after buying an additional 1,379 shares in the last quarter. Park Avenue Securities LLC grew its position in AECOM by 176.9% during the fourth quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock valued at $773,000 after buying an additional 4,625 shares during the period. Fifth Third Wealth Advisors LLC grew its position in AECOM by 10.4% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the construction company’s stock valued at $437,000 after buying an additional 385 shares during the period. Finally, Fiduciary Alliance LLC purchased a new position in AECOM in the fourth quarter valued at $655,000. 85.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.42% of the company’s stock.

AECOM Trading Up 0.9 %

Shares of ACM opened at $108.87 on Tuesday. The firm’s fifty day moving average is $110.42 and its two-hundred day moving average is $102.64. The stock has a market cap of $14.42 billion, a PE ratio of 36.78, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56.

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 forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM announced that its board has approved a share buyback plan 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 plans are typically a sign that the company’s leadership believes its shares are undervalued.

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, January 2nd. This is a positive change from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is currently 35.14%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ACM shares. Robert W. Baird increased their target price on shares of AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. 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. 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. Finally, Truist Financial boosted their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has an average rating of “Buy” and an average target price of $119.25.

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.