Pacer Advisors Inc. Has $2.10 Million Holdings in AECOM (NYSE:ACM)

Pacer Advisors Inc. lowered its position in shares of AECOM (NYSE:ACM) by 16.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,669 shares of the construction company’s stock after selling 3,961 shares during the period. Pacer Advisors Inc.’s holdings in AECOM were worth $2,101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ACM. Mackenzie Financial Corp grew its holdings in shares of AECOM by 12.5% during the second quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company’s stock worth $936,000 after purchasing an additional 1,180 shares during the last quarter. Magnus Financial Group LLC increased its position in AECOM by 93.5% in the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock valued at $519,000 after acquiring an additional 2,348 shares during the period. JPMorgan Chase & Co. increased its position in AECOM by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after acquiring an additional 220,035 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of AECOM by 5.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company’s stock valued at $26,714,000 after acquiring an additional 12,224 shares during the last quarter. Finally, TT International Asset Management LTD acquired a new position in shares of AECOM during the fourth quarter worth $3,578,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Robert W. Baird raised their target price on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Truist Financial increased their target price on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Citigroup lowered their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group began coverage on shares of AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective for the company. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $119.13.

Insider Activity

In related news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction on Wednesday, November 6th. The shares were 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 owns 31,228 shares of the company’s stock, valued at approximately $3,601,837.52. This trade represents a 57.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

AECOM Stock Performance

NYSE:ACM opened at $105.57 on Friday. 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 twelve month low of $82.23 and a twelve month high of $118.56. The company has a fifty day moving average of $109.85 and a 200-day moving average of $103.81. The firm has a market capitalization of $14.00 billion, a P/E ratio of 35.67, a P/E/G ratio of 1.79 and a beta of 1.19.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, beating the consensus estimate 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%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 earnings per share. As a group, sell-side analysts anticipate that AECOM will post 5.08 EPS for the current year.

AECOM Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.99%. 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 35.14%.

AECOM declared that its board has authorized a share repurchase 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 repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.