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New York State Common Retirement Fund Raises Stock Position in AECOM (NYSE:ACM)

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New York State Common Retirement Fund increased its holdings in shares of AECOM (NYSE:ACMGet Rating) by 5.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,815 shares of the construction company’s stock after purchasing an additional 8,953 shares during the period. New York State Common Retirement Fund owned approximately 0.13% of AECOM worth $14,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Russell Investments Group Ltd. raised its holdings in shares of AECOM by 11.1% during the first quarter. Russell Investments Group Ltd. now owns 65,290 shares of the construction company’s stock worth $5,015,000 after purchasing an additional 6,530 shares during the last quarter. Advisor Group Holdings Inc. grew its position in AECOM by 10.2% during the first quarter. Advisor Group Holdings Inc. now owns 12,435 shares of the construction company’s stock valued at $1,160,000 after buying an additional 1,155 shares during the period. Victory Capital Management Inc. grew its position in AECOM by 97.0% during the first quarter. Victory Capital Management Inc. now owns 29,753 shares of the construction company’s stock valued at $2,099,000 after buying an additional 14,651 shares during the period. Commonwealth Equity Services LLC grew its position in AECOM by 3.2% during the first quarter. Commonwealth Equity Services LLC now owns 33,855 shares of the construction company’s stock valued at $2,600,000 after buying an additional 1,053 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in AECOM by 29.7% during the first quarter. Envestnet Asset Management Inc. now owns 10,053 shares of the construction company’s stock valued at $772,000 after buying an additional 2,302 shares during the period. Hedge funds and other institutional investors own 86.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ACM shares. Robert W. Baird dropped their price target on shares of AECOM from $88.00 to $81.00 in a research report on Tuesday, May 10th. Citigroup dropped their price target on shares of AECOM from $92.00 to $85.00 in a research report on Friday, July 22nd. Credit Suisse Group set a $76.00 price target on shares of AECOM in a research report on Tuesday, July 19th. Royal Bank of Canada assumed coverage on shares of AECOM in a research report on Wednesday, April 27th. They issued an “outperform” rating and a $91.00 target price on the stock. Finally, StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.75.

AECOM Stock Performance

ACM opened at $71.57 on Friday. The firm has a market capitalization of $10.12 billion, a PE ratio of 49.02, a PEG ratio of 1.30 and a beta of 1.40. AECOM has a twelve month low of $60.74 and a twelve month high of $79.97. The firm’s 50-day moving average price is $67.06 and its 200 day moving average price is $70.64. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.82.

AECOM (NYSE:ACMGet Rating) last posted its quarterly earnings results on Monday, May 9th. The construction company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.39 billion. AECOM had a net margin of 1.59% and a return on equity of 17.35%. AECOM’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 earnings per share. As a group, sell-side analysts expect that AECOM will post 3.43 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Wednesday, July 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. AECOM’s payout ratio is presently 41.10%.

AECOM Company Profile

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AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through 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.

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