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Teacher Retirement System of Texas Cuts Stock Position in AECOM (NYSE:ACM)

AECOM logo with Construction background

Teacher Retirement System of Texas decreased its stake in AECOM (NYSE:ACM - Free Report) by 70.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,107 shares of the construction company's stock after selling 244,884 shares during the period. Teacher Retirement System of Texas owned about 0.08% of AECOM worth $9,747,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ACM. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of AECOM in the 4th quarter worth $35,000. Private Trust Co. NA increased its holdings in shares of AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after buying an additional 112 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of AECOM in the 4th quarter worth $55,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of AECOM by 148.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock worth $55,000 after buying an additional 354 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of AECOM in the 4th quarter worth $62,000. Institutional investors own 85.41% of the company's stock.

AECOM Stock Up 1.2%

AECOM stock traded up $1.33 during trading hours on Friday, hitting $115.79. The stock had a trading volume of 441,531 shares, compared to its average volume of 926,874. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $15.32 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The stock's 50-day moving average price is $108.67 and its 200-day moving average price is $103.26.

AECOM (NYSE:ACM - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.10. The business had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $4.18 billion. AECOM had a net margin of 3.85% and a return on equity of 27.67%. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 earnings per share. Equities research analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Wednesday, July 2nd. AECOM's dividend payout ratio is currently 22.66%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Royal Bank Of Canada raised their target price on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. KeyCorp dropped their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Citigroup lifted their price target on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Truist Financial lowered their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM has a consensus rating of "Buy" and a consensus price target of $120.86.

Get Our Latest Analysis on AECOM

AECOM Profile

(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 public and private clients.

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Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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