Yousif Capital Management LLC Sells 1,957 Shares of AECOM (NYSE:ACM)

Yousif Capital Management LLC lessened its position in AECOM (NYSE:ACM) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,275 shares of the construction company’s stock after selling 1,957 shares during the period. Yousif Capital Management LLC’s holdings in AECOM were worth $4,623,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ACM. Franklin Resources Inc. grew its stake in shares of AECOM by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after buying an additional 91 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of AECOM by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock worth $977,000 after acquiring an additional 103 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of AECOM by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after acquiring an additional 109 shares in the last quarter. Avitas Wealth Management LLC raised its position in shares of AECOM by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock worth $2,023,000 after purchasing an additional 110 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in AECOM by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock worth $408,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Down 1.0 %

ACM opened at $107.14 on Friday. The firm’s 50 day simple moving average is $108.94 and its two-hundred day simple moving average is $104.23. The company has a market capitalization of $14.21 billion, a PE ratio of 36.20, a PEG ratio of 1.80 and a beta of 1.19. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03.

AECOM (NYSE:ACM) last announced its earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 25.46% and a net margin of 2.50%. As a group, equities analysts forecast that AECOM will post 5.08 EPS for the current year.

AECOM Increases Dividend

The company also recently announced 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 annualized dividend and a yield of 0.97%. This is a positive change from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, January 2nd. AECOM’s dividend payout ratio is currently 35.14%.

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

Analysts Set New Price Targets

Several research analysts have issued reports on ACM shares. Citigroup decreased their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Truist Financial increased their target price on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. The Goldman Sachs Group initiated coverage on AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective on the stock. Finally, Barclays boosted their target price on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $120.38.

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.