New York State Teachers Retirement System Cuts Stock Holdings in AECOM (NYSE:ACM)

New York State Teachers Retirement System cut its stake in AECOM (NYSE:ACM) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,965 shares of the construction company’s stock after selling 469 shares during the period. New York State Teachers Retirement System owned about 0.10% of AECOM worth $12,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Alliancebernstein L.P. boosted its stake in shares of AECOM by 11.2% in the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company’s stock valued at $397,196,000 after buying an additional 373,991 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in AECOM by 34.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company’s stock valued at $286,305,000 after acquiring an additional 691,020 shares in the last quarter. Norges Bank purchased a new position in AECOM in the fourth quarter worth approximately $190,495,000. Northern Trust Corp grew its holdings in AECOM by 53.5% during the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company’s stock worth $177,844,000 after acquiring an additional 580,078 shares in the last quarter. Finally, FMR LLC grew its holdings in AECOM by 2.9% during the 4th quarter. FMR LLC now owns 1,360,510 shares of the construction company’s stock worth $145,330,000 after acquiring an additional 38,177 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Stock Up 1.2%

ACM opened at $115.79 on Friday. AECOM has a one year low of $82.23 and a one year high of $118.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $15.32 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96. The business’s 50-day simple moving average is $108.31 and its 200-day simple moving average is $103.25.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the business posted $1.04 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, July 2nd. AECOM’s dividend payout ratio is currently 22.66%.

Analyst Ratings Changes

Several research firms have recently issued reports on ACM. Citigroup lifted their price objective on shares of AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Royal Bank Of Canada lifted their price target on AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Truist Financial lowered their price objective on AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. KeyCorp cut their target price on AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Robert W. Baird upped their price target on AECOM from $108.00 to $118.00 and gave the company an “outperform” rating in a report on Tuesday, May 6th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM presently has a consensus rating of “Buy” and a consensus price target of $120.86.

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.