California State Teachers Retirement System Raises Stake in AECOM (NYSE:ACM)

California State Teachers Retirement System raised its stake in AECOM (NYSE:ACM) by 5.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 239,283 shares of the construction company’s stock after buying an additional 12,944 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of AECOM worth $23,469,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. EntryPoint Capital LLC purchased a new position in shares of AECOM during the 1st quarter worth $25,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of AECOM during the 4th quarter worth $28,000. Creekmur Asset Management LLC purchased a new position in shares of AECOM during the 4th quarter worth $28,000. Rise Advisors LLC purchased a new position in shares of AECOM during the 1st quarter worth $31,000. Finally, GAMMA Investing LLC purchased a new position in shares of AECOM during the 4th quarter worth $35,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AECOM news, Director Douglas Stotlar sold 7,179 shares of AECOM stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $93.51, for a total transaction of $671,308.29. Following the transaction, the director now owns 34,667 shares of the company’s stock, valued at $3,241,711.17. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Truist Financial lowered their price target on AECOM from $113.00 to $107.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. UBS Group raised their target price on AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Citigroup lowered their target price on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a report on Monday, July 22nd. KeyCorp lowered their target price on AECOM from $105.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Finally, Robert W. Baird lowered their target price on AECOM from $110.00 to $96.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has an average rating of “Buy” and an average price target of $101.88.

AECOM Stock Performance

Shares of NYSE ACM traded down $0.13 during midday trading on Thursday, hitting $90.48. 128,316 shares of the company’s stock were exchanged, compared to its average volume of 763,903. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.06. AECOM has a twelve month low of $74.40 and a twelve month high of $98.72. The firm’s fifty day simple moving average is $87.63 and its 200-day simple moving average is $90.39.

AECOM (NYSE:ACM) last issued its earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.01). AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the business posted $0.92 EPS. AECOM’s revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts anticipate that AECOM will post 4.47 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, July 3rd. AECOM’s dividend payout ratio (DPR) is -977.67%.

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.