New York State Common Retirement Fund Sells 3,504 Shares of AECOM (NYSE:ACM)

New York State Common Retirement Fund decreased its holdings in AECOM (NYSE:ACM - Free Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 286,658 shares of the construction company's stock after selling 3,504 shares during the period. New York State Common Retirement Fund owned about 0.22% of AECOM worth $30,621,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ACM. Principal Securities Inc. raised its stake in AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after acquiring an additional 116 shares during the period. Allworth Financial LP increased its holdings in shares of AECOM by 390.6% in the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after purchasing an additional 207 shares during the last quarter. Private Trust Co. NA bought a new position in shares of AECOM in the third quarter valued at about $30,000. True Wealth Design LLC lifted its stake in shares of AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock worth $31,000 after buying an additional 297 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of AECOM during the 4th quarter worth about $51,000. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Price Performance

Shares of NYSE ACM traded down $2.21 during mid-day trading on Friday, reaching $97.49. The company had a trading volume of 1,037,623 shares, compared to its average volume of 983,436. The firm has a market cap of $12.93 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 1.69 and a beta of 1.19. The business's 50-day simple moving average is $106.46 and its 200 day simple moving average is $105.24. 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 1.02, a quick ratio of 1.14 and a current ratio of 1.14.

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, beating the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. On average, research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM declared that its board has initiated a share buyback plan on Monday, November 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ACM shares. The Goldman Sachs Group started coverage on shares of AECOM in a report on Friday, November 22nd. They issued a "buy" rating and a $130.00 price target on the stock. Truist Financial increased their target price on AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. StockNews.com upgraded AECOM from a "hold" rating to a "buy" rating in a research note on Sunday, October 27th. KeyCorp decreased their price objective on AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Finally, Robert W. Baird dropped their target price on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $120.38.

AECOM 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.