AECOM (NYSE:ACM) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its position in shares of AECOM (NYSE:ACM - Free Report) by 5.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 136,902 shares of the construction company's stock after selling 8,100 shares during the quarter. New York State Teachers Retirement System owned approximately 0.10% of AECOM worth $14,138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ACM. Trajan Wealth LLC raised its position in AECOM by 8.6% during the third quarter. Trajan Wealth LLC now owns 2,569 shares of the construction company's stock worth $265,000 after acquiring an additional 204 shares during the last quarter. Avitas Wealth Management LLC increased its stake in shares of AECOM by 1.6% during the 3rd quarter. Avitas Wealth Management LLC now owns 18,829 shares of the construction company's stock worth $1,944,000 after purchasing an additional 292 shares in the last quarter. Pallas Capital Advisors LLC raised its position in shares of AECOM by 31.0% during the 3rd quarter. Pallas Capital Advisors LLC now owns 6,047 shares of the construction company's stock worth $634,000 after purchasing an additional 1,432 shares during the last quarter. Custom Index Systems LLC lifted its stake in AECOM by 75.8% in the 3rd quarter. Custom Index Systems LLC now owns 9,257 shares of the construction company's stock valued at $956,000 after buying an additional 3,991 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in AECOM by 5.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,573 shares of the construction company's stock valued at $1,608,000 after buying an additional 810 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Trading Up 1.5 %

Shares of ACM traded up $1.60 during mid-day trading on Friday, reaching $108.40. The company had a trading volume of 729,546 shares, compared to its average volume of 585,953. AECOM has a fifty-two week low of $76.95 and a fifty-two week high of $109.98. The firm has a fifty day simple moving average of $102.25 and a 200-day simple moving average of $94.45. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 58.28, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM - Get Free Report) last issued its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. The firm had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $1.85 billion. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 earnings per share. On average, sell-side analysts anticipate that AECOM will post 4.46 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, October 2nd were issued a $0.22 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $0.88 annualized dividend and a yield of 0.81%. AECOM's payout ratio is 47.31%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ACM. Royal Bank of Canada upped their price objective on AECOM from $112.00 to $113.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. KeyCorp upped their target price on shares of AECOM from $99.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Barclays lifted their price target on shares of AECOM from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, August 8th. Robert W. Baird raised their target price on shares of AECOM from $96.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Finally, StockNews.com raised shares of AECOM from a "hold" rating to a "buy" rating in a research note on Sunday, October 27th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $112.29.

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.