AECOM (NYSE:ACM) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its holdings in AECOM (NYSE:ACMGet Rating) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 301,339 shares of the construction company’s stock after selling 24,844 shares during the quarter. California Public Employees Retirement System owned 0.21% of AECOM worth $23,309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ACM. Morgan Stanley lifted its holdings in shares of AECOM by 16.7% during the second quarter. Morgan Stanley now owns 602,897 shares of the construction company’s stock worth $38,176,000 after purchasing an additional 86,352 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of AECOM by 5.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,981 shares of the construction company’s stock worth $251,000 after purchasing an additional 200 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of AECOM by 16.2% during the third quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the construction company’s stock worth $853,000 after purchasing an additional 1,890 shares during the period. Advisor Group Holdings Inc. lifted its holdings in AECOM by 12.5% in the third quarter. Advisor Group Holdings Inc. now owns 12,151 shares of the construction company’s stock valued at $768,000 after acquiring an additional 1,348 shares during the period. Finally, Barclays PLC lifted its holdings in AECOM by 9.0% in the third quarter. Barclays PLC now owns 199,452 shares of the construction company’s stock valued at $12,596,000 after acquiring an additional 16,478 shares during the period. 86.15% of the stock is owned by institutional investors and hedge funds.

Shares of ACM opened at $66.55 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.08 and a current ratio of 1.08. AECOM has a one year low of $58.36 and a one year high of $79.97. The stock has a market capitalization of $9.41 billion, a price-to-earnings ratio of 45.58, a PEG ratio of 0.98 and a beta of 1.44. The stock has a 50 day moving average price of $74.48 and a 200 day moving average price of $73.01.

AECOM (NYSE:ACMGet Rating) last issued its quarterly earnings results on Monday, May 9th. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.78 by $0.05. AECOM had a return on equity of 17.18% and a net margin of 1.59%. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts predict that AECOM will post 3.43 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 22nd. Investors of record on Wednesday, April 6th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Tuesday, April 5th. AECOM’s payout ratio is 41.10%.

ACM has been the subject of a number of analyst reports. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a report on Sunday, May 8th. Argus boosted their price objective on AECOM from $80.00 to $82.00 in a research report on Tuesday, February 15th. Royal Bank of Canada assumed coverage on AECOM in a research report on Wednesday, April 27th. They issued an “outperform” rating and a $91.00 price objective for the company. Finally, Robert W. Baird cut their price objective on AECOM from $88.00 to $81.00 in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $85.44.

AECOM Profile (Get Rating)

AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through 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 commercial and government clients.

Further Reading

Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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