Maryland State Retirement & Pension System Decreases Stock Holdings in AECOM (NYSE:ACM)

Maryland State Retirement & Pension System lowered its stake in shares of AECOM (NYSE:ACM) by 12.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,252 shares of the construction company’s stock after selling 890 shares during the period. Maryland State Retirement & Pension System’s holdings in AECOM were worth $580,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC boosted its holdings in AECOM by 120.3% during the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock worth $28,000 after buying an additional 166 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in AECOM during the fourth quarter worth about $35,000. Private Trust Co. NA boosted its holdings in AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock worth $38,000 after buying an additional 112 shares in the last quarter. Eastern Bank purchased a new stake in AECOM during the first quarter worth about $49,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in AECOM by 148.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company’s stock worth $55,000 after buying an additional 354 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

NYSE:ACM opened at $120.23 on Friday. The firm has a 50 day simple moving average of $114.04 and a 200-day simple moving average of $104.75. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $15.92 billion, a PE ratio of 26.19, a P/E/G ratio of 1.81 and a beta of 0.99. AECOM has a 1-year low of $85.00 and a 1-year high of $122.04.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.16 earnings per share. On average, equities analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM’s payout ratio is currently 22.66%.

Wall Street Analyst Weigh In

ACM has been the subject of a number of research reports. Wall Street Zen upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. KeyCorp lifted their target price on shares of AECOM from $129.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Bank of America lifted their target price on shares of AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. UBS Group lifted their target price on shares of AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Citigroup restated a “buy” rating and set a $137.00 target price (up previously from $122.00) on shares of AECOM in a research report on Monday, July 28th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $128.44.

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.