AECOM $ACM Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in shares of AECOM (NYSE:ACM) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,776 shares of the construction company’s stock after selling 189 shares during the period. New York State Teachers Retirement System owned 0.10% of AECOM worth $15,098,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. TCTC Holdings LLC lifted its position in AECOM by 120.3% during the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock worth $28,000 after buying an additional 166 shares in the last quarter. MAI Capital Management acquired a new stake in shares of AECOM in the 1st quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its stake in shares of AECOM by 212.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of AECOM during the 1st quarter worth $33,000. Finally, Private Trust Co. NA boosted its position in shares of AECOM by 37.2% during the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock valued at $38,000 after acquiring an additional 112 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Stock Performance

Shares of ACM stock opened at $131.07 on Friday. The firm’s 50 day moving average price is $126.97 and its 200-day moving average price is $113.96. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. AECOM has a one year low of $85.00 and a one year high of $133.85. The firm has a market cap of $17.36 billion, a P/E ratio of 28.56, a P/E/G ratio of 1.77 and a beta of 1.03.

AECOM (NYSE:ACM) last posted its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.09. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, equities research analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Wednesday, October 1st were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.04 annualized dividend and a yield of 0.8%. AECOM’s dividend payout ratio is presently 22.66%.

Insider Buying and Selling

In other AECOM news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ACM. Truist Financial upped their price objective on shares of AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Wall Street Zen cut shares of AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Barclays lifted their price target on shares of AECOM from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, August 12th. UBS Group upped their price objective on AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Citigroup reissued a “buy” rating and set a $137.00 target price (up previously from $122.00) on shares of AECOM in a research note on Monday, July 28th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $133.20.

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.