KBC Group NV Buys 1,221 Shares of AECOM (NYSE:ACM)

KBC Group NV lifted its stake in shares of AECOM (NYSE:ACM) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,475 shares of the construction company’s stock after buying an additional 1,221 shares during the period. KBC Group NV’s holdings in AECOM were worth $1,599,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in AECOM in the first quarter valued at about $25,000. Family Firm Inc. bought a new position in AECOM in the 2nd quarter valued at approximately $31,000. UMB Bank n.a. boosted its position in AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after buying an additional 257 shares during the period. Versant Capital Management Inc boosted its position in AECOM by 4,375.0% during the 2nd quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock worth $47,000 after buying an additional 525 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new stake in AECOM during the 3rd quarter worth approximately $50,000. 85.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other AECOM 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 directly owns 31,228 shares of the company’s stock, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ACM shares. 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 research note on Wednesday, August 7th. Truist Financial lifted their target price on AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, October 4th. KeyCorp upped their price target on AECOM from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Finally, Citigroup upped their target price on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $113.29.

AECOM Stock Performance

ACM stock opened at $109.19 on Tuesday. The firm has a market cap of $14.64 billion, a PE ratio of 58.47, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The stock has a 50-day moving average price of $104.62 and a 200-day moving average price of $95.65. AECOM has a 1-year low of $82.23 and a 1-year high of $115.74.

AECOM announced that its Board of Directors has approved a share repurchase plan 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 shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be paid a $0.26 dividend. This is a positive change from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 0.95%. AECOM’s payout ratio is 47.31%.

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.