ING Groep NV Increases Holdings in AECOM (NYSE:ACM)

ING Groep NV grew its holdings in AECOM (NYSE:ACM) by 150.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 27,000 shares of the construction company’s stock after buying an additional 16,200 shares during the quarter. ING Groep NV’s holdings in AECOM were worth $2,788,000 at the end of the most recent quarter.

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

AECOM Price Performance

ACM opened at $106.93 on Friday. AECOM has a 1 year low of $82.23 and a 1 year high of $115.74. The stock has a 50-day moving average price of $104.62 and a 200-day moving average price of $95.63. The firm has a market cap of $14.34 billion, a PE ratio of 57.49, a P/E/G ratio of 1.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13.

AECOM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Wednesday, October 2nd. AECOM’s payout ratio is 47.31%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup raised their price objective on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. KeyCorp upped their price target on AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Truist Financial raised their price objective on AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Robert W. Baird upped their target price on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Eight 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 target price of $113.29.

Insider Activity

In related news, CFO Gaurav Kapoor sold 42,400 shares of the 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 sale, the chief financial officer now directly owns 31,228 shares of the company’s stock, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.42% of the company’s stock.

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.