Strs Ohio Sells 56,081 Shares of AECOM (NYSE:ACM)

Strs Ohio lessened its position in shares of AECOM (NYSE:ACM - Free Report) by 12.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 385,719 shares of the construction company's stock after selling 56,081 shares during the period. Strs Ohio owned 0.28% of AECOM worth $35,652,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ACM. Oak Thistle LLC purchased a new stake in shares of AECOM during the 4th quarter valued at $1,789,000. Raymond James & Associates grew its holdings in shares of AECOM by 5.4% during the 4th quarter. Raymond James & Associates now owns 33,923 shares of the construction company's stock valued at $3,136,000 after purchasing an additional 1,740 shares during the last quarter. iA Global Asset Management Inc. boosted its holdings in AECOM by 33.3% during the 3rd quarter. iA Global Asset Management Inc. now owns 180,575 shares of the construction company's stock valued at $14,995,000 after acquiring an additional 45,098 shares during the period. Comerica Bank bought a new position in shares of AECOM in the third quarter worth approximately $5,454,000. Finally, Pallas Capital Advisors LLC bought a new stake in shares of AECOM in the fourth quarter worth about $340,000. Institutional investors own 85.41% of the company's stock.

Analyst Upgrades and Downgrades

ACM has been the subject of several research reports. TheStreet upgraded shares of AECOM from a "c+" rating to a "b" rating in a research note on Monday, February 5th. Barclays boosted their price objective on AECOM from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Tuesday, February 13th. Robert W. Baird increased their price objective on shares of AECOM from $100.00 to $103.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 6th. Truist Financial assumed coverage on shares of AECOM in a report on Thursday, March 14th. They issued a "buy" rating and a $106.00 target price for the company. Finally, KeyCorp initiated coverage on shares of AECOM in a research report on Wednesday, January 10th. They set an "overweight" rating and a $104.00 price objective on the stock. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $102.00.

AECOM Stock Performance

NYSE ACM traded up $0.06 during trading hours on Monday, reaching $93.67. The stock had a trading volume of 1,154,022 shares, compared to its average volume of 742,932. AECOM has a 52-week low of $74.40 and a 52-week high of $98.72. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $12.74 billion, a P/E ratio of 208.16, a price-to-earnings-growth ratio of 1.39 and a beta of 1.24. The stock has a fifty day moving average of $92.43 and a 200 day moving average of $88.39.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.13. The firm had revenue of $3.90 billion for the quarter. AECOM had a net margin of 0.42% and a return on equity of 21.45%. During the same quarter in the previous year, the company earned $0.86 EPS. Sell-side analysts predict that AECOM will post 4.45 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.94%. AECOM's dividend payout ratio (DPR) is 195.56%.

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.