Arlington Trust Co LLC Decreases Stock Position in AECOM (NYSE:ACM)

Arlington Trust Co LLC cut its position in AECOM (NYSE:ACM) by 38.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 412 shares of the construction company’s stock after selling 254 shares during the quarter. Arlington Trust Co LLC’s holdings in AECOM were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wingate Wealth Advisors Inc. bought a new position in AECOM during the 4th quarter valued at $51,000. Conning Inc. bought a new position in AECOM during the 4th quarter valued at $364,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in AECOM by 31.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,992 shares of the construction company’s stock valued at $1,495,000 after acquiring an additional 3,374 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in AECOM by 3.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 267,266 shares of the construction company’s stock valued at $28,549,000 after acquiring an additional 8,586 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in AECOM by 33.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 766 shares of the construction company’s stock valued at $82,000 after acquiring an additional 191 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACM has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective on the stock. Citigroup reduced their price objective 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. Robert W. Baird reduced their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. KeyCorp reduced their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Truist Financial raised their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM has an average rating of “Buy” and an average price target of $120.38.

AECOM Stock Up 0.8 %

ACM stock opened at $107.99 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The firm’s 50-day simple moving average is $108.74 and its 200 day simple moving average is $104.57. The stock has a market cap of $14.32 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. As a group, sell-side analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a boost from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio (DPR) is 29.55%.

AECOM declared that its board has approved a stock buyback 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 reacquire up to 6.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are 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.