California Public Employees Retirement System Sells 13,675 Shares of AECOM (NYSE:ACM)

California Public Employees Retirement System trimmed its holdings in AECOM (NYSE:ACM - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 248,710 shares of the construction company's stock after selling 13,675 shares during the period. California Public Employees Retirement System owned about 0.19% of AECOM worth $26,567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ACM. Schroder Investment Management Group raised its holdings in shares of AECOM by 39.9% during the fourth quarter. Schroder Investment Management Group now owns 8,792 shares of the construction company's stock worth $939,000 after acquiring an additional 2,508 shares during the period. Allstate Corp acquired a new stake in shares of AECOM in the 4th quarter valued at about $419,000. Brown Brothers Harriman & Co. raised its stake in shares of AECOM by 17.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock valued at $74,000 after purchasing an additional 103 shares during the period. Norges Bank bought a new stake in shares of AECOM in the fourth quarter valued at about $190,495,000. Finally, Loomis Sayles & Co. L P boosted its position in shares of AECOM by 3.7% during the fourth quarter. Loomis Sayles & Co. L P now owns 169,508 shares of the construction company's stock worth $18,107,000 after buying an additional 6,007 shares during the period. 85.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Robert W. Baird dropped their target price on AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 4th. KeyCorp cut their price objective on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Barclays raised their target price on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Citigroup cut their price target on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Finally, Truist Financial decreased their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $119.38.

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AECOM Stock Performance

NYSE:ACM traded down $0.26 during mid-day trading on Tuesday, hitting $87.08. The stock had a trading volume of 1,373,081 shares, compared to its average volume of 882,135. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $11.55 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 1.63 and a beta of 1.03. The company's 50 day simple moving average is $97.57 and its 200 day simple moving average is $104.69.

AECOM (NYSE:ACM - Get Free Report) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping 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%. On average, equities research analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Wednesday, April 2nd. AECOM's dividend payout ratio is presently 29.55%.

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.