California Public Employees Retirement System Has $23.08 Million Position in AECOM (NYSE:ACM)

California Public Employees Retirement System lowered its stake in shares of AECOM (NYSE:ACM) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,737 shares of the construction company’s stock after selling 13,725 shares during the quarter. California Public Employees Retirement System owned about 0.18% of AECOM worth $23,083,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Oak Thistle LLC acquired a new stake in AECOM during the fourth quarter worth approximately $1,789,000. Raymond James & Associates grew its position in AECOM by 5.4% during the fourth quarter. Raymond James & Associates now owns 33,923 shares of the construction company’s stock worth $3,136,000 after buying an additional 1,740 shares in the last quarter. iA Global Asset Management Inc. grew its position in AECOM by 33.3% during the third quarter. iA Global Asset Management Inc. now owns 180,575 shares of the construction company’s stock worth $14,995,000 after buying an additional 45,098 shares in the last quarter. Comerica Bank acquired a new stake in AECOM during the third quarter worth approximately $5,454,000. Finally, Pallas Capital Advisors LLC acquired a new stake in AECOM during the fourth quarter worth approximately $340,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Up 0.5 %

Shares of NYSE:ACM opened at $94.05 on Monday. The firm has a market cap of $12.79 billion, a P/E ratio of 209.00, a P/E/G ratio of 1.40 and a beta of 1.24. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72. The business has a fifty day simple moving average of $93.20 and a 200 day simple moving average of $89.12.

AECOM (NYSE:ACM) last announced its earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.13. AECOM had a return on equity of 21.45% and a net margin of 0.42%. The business had revenue of $3.90 billion during the quarter. During the same period in the prior year, the business earned $0.86 earnings per share. Analysts predict that AECOM will post 4.43 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 0.94%. AECOM’s payout ratio is currently 195.56%.

Wall Street Analysts Forecast Growth

ACM has been the subject of several recent analyst reports. Barclays upped their target price on AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Robert W. Baird upped their target price on AECOM from $100.00 to $103.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. TheStreet upgraded AECOM from a “c+” rating to a “b” rating in a research note on Monday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $109.00 price target on shares of AECOM in a research note on Wednesday, February 7th. Finally, Truist Financial initiated coverage on AECOM in a research note on Thursday, March 14th. They issued a “buy” rating and a $106.00 price target for the company. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM presently has a consensus rating of “Buy” and a consensus target price of $105.43.

AECOM Company 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.