Vontobel Holding Ltd. Sells 3,119 Shares of AECOM (NYSE:ACM)

Vontobel Holding Ltd. lowered its stake in shares of AECOM (NYSE:ACM) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,898 shares of the construction company’s stock after selling 3,119 shares during the period. Vontobel Holding Ltd.’s holdings in AECOM were worth $11,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ACM. Private Trust Co. NA bought a new stake in AECOM in the third quarter worth $30,000. True Wealth Design LLC increased its position in AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after purchasing an additional 297 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in AECOM in the fourth quarter worth $51,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in AECOM in the third quarter worth $59,000. Finally, UMB Bank n.a. increased its position in AECOM by 82.5% in the fourth 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 last quarter. Institutional investors own 85.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. KeyCorp cut their price objective 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. Truist Financial boosted their price objective 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. Robert W. Baird cut their price objective 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. Finally, Barclays boosted their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $120.38.

AECOM Stock Down 1.8 %

Shares of ACM opened at $100.34 on Friday. The firm 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. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 1.02. The firm has a fifty day moving average price of $107.69 and a 200-day moving average price of $104.86.

AECOM (NYSE:ACM) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM announced that its board has authorized a share buyback program on Monday, November 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

AECOM Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 1.04%. AECOM’s dividend payout ratio is 29.55%.

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.