AECOM (NYSE:ACM) Stock Holdings Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in AECOM (NYSE:ACM) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 286,658 shares of the construction company’s stock after selling 3,504 shares during the period. New York State Common Retirement Fund’s holdings in AECOM were worth $30,621,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACM. Creative Planning lifted its position in shares of AECOM by 3.9% in the third quarter. Creative Planning now owns 21,658 shares of the construction company’s stock worth $2,237,000 after buying an additional 809 shares during the last quarter. Bleakley Financial Group LLC bought a new position in AECOM during the third quarter valued at about $260,000. Blue Trust Inc. increased its stake in AECOM by 377.2% during the third quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock valued at $108,000 after acquiring an additional 826 shares during the period. Raymond James & Associates increased its stake in AECOM by 1.3% during the third quarter. Raymond James & Associates now owns 37,221 shares of the construction company’s stock valued at $3,844,000 after acquiring an additional 490 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of AECOM in the 3rd quarter valued at approximately $215,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays upped their price objective on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Robert W. Baird reduced their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Truist Financial increased their price target on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, KeyCorp dropped their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $120.38.

AECOM Price Performance

ACM stock opened at $99.72 on Friday. The stock has a 50-day moving average price of $106.74 and a two-hundred day moving average price of $105.16. The stock has a market cap of $13.23 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.70 and a beta of 1.19. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. Equities analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM announced that its Board of Directors has initiated a stock buyback plan on Monday, November 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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.