AECOM (NYSE:ACM) Holdings Raised by Arizona State Retirement System

Posted by on Jul 19th, 2023

Arizona State Retirement System boosted its stake in AECOM (NYSE:ACM – Free Report) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,294 shares of the construction company’s stock after buying an additional 859 shares during the quarter. Arizona State Retirement System’s holdings in AECOM were worth $3,229,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Delta Asset Management LLC TN purchased a new stake in AECOM in the 4th quarter worth approximately $25,000. Point72 Hong Kong Ltd purchased a new stake in AECOM in the 1st quarter worth approximately $25,000. Massmutual Trust Co. FSB ADV increased its stake in shares of AECOM by 80.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 360 shares of the construction company’s stock worth $30,000 after purchasing an additional 161 shares during the last quarter. MCF Advisors LLC acquired a new position in shares of AECOM during the 1st quarter worth $30,000. Finally, Laffer Tengler Investments acquired a new position in shares of AECOM during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 84.49% of the company’s stock.

AECOM Stock Performance

Shares of ACM opened at $88.31 on Wednesday. The company has a market capitalization of $12.28 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 2.12 and a beta of 1.29. AECOM has a one year low of $64.03 and a one year high of $92.16. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 1.09. The company’s fifty day moving average price is $82.95 and its 200 day moving average price is $84.31.

AECOM (NYSE:ACM – Get Free Report) last announced its earnings results on Tuesday, May 9th. The construction company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.88 by $0.04. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.38 billion. AECOM had a net margin of 2.75% and a return on equity of 18.72%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. As a group, analysts expect that AECOM will post 3.7 earnings per share for the current year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Thursday, July 6th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.82%. AECOM’s payout ratio is 27.17%.

Analysts Set New Price Targets

ACM has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of AECOM from $103.00 to $100.00 in a research note on Tuesday, May 9th. StockNews.com lowered shares of AECOM from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, AECOM currently has a consensus rating of “Moderate Buy” and an average target price of $99.00.

About AECOM

(Free Report)

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 commercial and government clients.

Further Reading

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Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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