Gaurav Kapoor Sells 42,400 Shares of AECOM (NYSE:ACM) Stock

AECOM (NYSE:ACM) CFO Gaurav Kapoor sold 42,400 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total transaction of $4,890,416.00. Following the transaction, 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

AECOM Stock Down 2.6 %

Shares of AECOM stock traded down $2.96 during midday trading on Thursday, hitting $111.16. The company’s stock had a trading volume of 481,207 shares, compared to its average volume of 781,853. The firm has a market capitalization of $14.90 billion, a P/E ratio of 61.34, a PEG ratio of 1.63 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The stock has a 50-day simple moving average of $102.87 and a 200-day simple moving average of $94.81. AECOM has a 1-year low of $77.84 and a 1-year high of $115.74.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business posted $0.94 EPS. AECOM’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts expect that AECOM will post 4.46 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, October 2nd. This represents a $0.88 annualized dividend and a yield of 0.79%. AECOM’s dividend payout ratio (DPR) is currently 47.31%.

Hedge Funds Weigh In On AECOM

A number of institutional investors have recently made changes to their positions in ACM. Ninety One UK Ltd bought a new position in shares of AECOM in the second quarter worth about $46,109,000. International Assets Investment Management LLC acquired a new position in shares of AECOM in the 3rd quarter worth approximately $42,201,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of AECOM by 451.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 481,769 shares of the construction company’s stock worth $47,617,000 after acquiring an additional 394,481 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of AECOM by 18.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock worth $143,573,000 after acquiring an additional 258,250 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its holdings in AECOM by 15.5% during the 2nd quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock worth $154,464,000 after buying an additional 235,350 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ACM has been the topic of a number of recent analyst reports. Barclays upped their price target on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. KeyCorp increased their price objective on shares of AECOM from $99.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Royal Bank of Canada raised their price target on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Citigroup increased their price objective on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $112.29.

About AECOM

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.