New York State Common Retirement Fund Trims Holdings in AECOM (NYSE:ACM)

New York State Common Retirement Fund trimmed its stake in shares of AECOM (NYSE:ACM - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,025 shares of the construction company's stock after selling 4,633 shares during the period. New York State Common Retirement Fund owned 0.21% of AECOM worth $26,152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ballentine Partners LLC boosted its stake in shares of AECOM by 28.9% in the first quarter. Ballentine Partners LLC now owns 5,331 shares of the construction company's stock worth $494,000 after acquiring an additional 1,194 shares during the last quarter. Xponance Inc. boosted its stake in shares of AECOM by 4.4% in the first quarter. Xponance Inc. now owns 26,193 shares of the construction company's stock worth $2,429,000 after acquiring an additional 1,114 shares during the last quarter. Banque Pictet & Cie SA acquired a new stake in shares of AECOM in the first quarter worth approximately $328,000. Brown Advisory Inc. boosted its stake in shares of AECOM by 32.7% in the first quarter. Brown Advisory Inc. now owns 3,956 shares of the construction company's stock worth $367,000 after acquiring an additional 975 shares during the last quarter. Finally, Ninety One North America Inc. boosted its stake in shares of AECOM by 15.8% in the first quarter. Ninety One North America Inc. now owns 124,805 shares of the construction company's stock worth $11,573,000 after acquiring an additional 17,028 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ACM shares. Royal Bank Of Canada raised their price target on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Truist Financial decreased their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. 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 research note on Tuesday, May 6th. Citigroup raised their price target on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, KeyCorp raised their price target on shares of AECOM from $120.00 to $129.00 and gave the stock an "overweight" rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $123.71.

AECOM Trading Down 0.6%

ACM stock traded down $0.66 during trading on Friday, reaching $113.34. 122,043 shares of the stock were exchanged, compared to its average volume of 919,571. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average price of $111.15 and a 200-day moving average price of $103.71. AECOM has a 1 year low of $84.75 and a 1 year high of $118.56. The firm has a market capitalization of $14.99 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 1.83 and a beta of 0.96.

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

AECOM Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) is 22.66%.

About AECOM

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.