New York State Teachers Retirement System lowered its stake in AECOM (NYSE:ACM – Free Report) by 6.1% during the 4th quarter, HoldingsChannel reports. The firm owned 124,624 shares of the construction company’s stock after selling 8,032 shares during the period. New York State Teachers Retirement System’s holdings in AECOM were worth $11,880,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC boosted its holdings in AECOM by 0.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 13,124 shares of the construction company’s stock worth $1,712,000 after purchasing an additional 77 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its stake in shares of AECOM by 10.8% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 997 shares of the construction company’s stock worth $130,000 after acquiring an additional 97 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of AECOM by 0.7% during the 3rd quarter. TD Asset Management Inc now owns 15,278 shares of the construction company’s stock worth $1,993,000 after acquiring an additional 99 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of AECOM by 1.2% during the 3rd quarter. Park Avenue Securities LLC now owns 10,362 shares of the construction company’s stock worth $1,352,000 after acquiring an additional 122 shares during the last quarter. Finally, HB Wealth Management LLC boosted its stake in shares of AECOM by 3.3% during the 4th quarter. HB Wealth Management LLC now owns 3,860 shares of the construction company’s stock worth $368,000 after acquiring an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.
AECOM Stock Up 0.1%
ACM opened at $84.15 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.10 and a current ratio of 1.10. AECOM has a fifty-two week low of $79.01 and a fifty-two week high of $135.52. The firm’s fifty day moving average is $88.39 and its 200 day moving average is $100.97. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 1.04 and a beta of 1.00.
AECOM Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Wednesday, April 1st were paid a dividend of $0.31 per share. The ex-dividend date was Wednesday, April 1st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.5%. AECOM’s payout ratio is 35.23%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on ACM. UBS Group lifted their price target on shares of AECOM from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Weiss Ratings cut shares of AECOM from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 29th. Zacks Research upgraded shares of AECOM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. KeyCorp reiterated an “overweight” rating and set a $115.00 price target on shares of AECOM in a research note on Wednesday, January 7th. Finally, Truist Financial set a $116.00 price target on shares of AECOM in a research note on Monday, April 20th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $128.55.
Get Our Latest Analysis on ACM
About AECOM
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long?term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
Further Reading
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