Retirement Systems of Alabama Has $27.72 Million Stock Holdings in AECOM (NYSE:ACM)

Retirement Systems of Alabama reduced its position in shares of AECOM (NYSE:ACM) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 314,514 shares of the construction company’s stock after selling 2,798 shares during the quarter. Retirement Systems of Alabama owned about 0.23% of AECOM worth $27,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new position in shares of AECOM in the 1st quarter worth $25,000. Ables Iannone Moore & Associates Inc. acquired a new position in AECOM during the 4th quarter valued at about $28,000. Creekmur Asset Management LLC bought a new stake in AECOM during the 4th quarter worth approximately $28,000. Rise Advisors LLC bought a new position in shares of AECOM in the first quarter valued at approximately $31,000. Finally, GAMMA Investing LLC purchased a new position in shares of AECOM during the fourth quarter valued at approximately $35,000. Institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ACM shares. KeyCorp raised their price objective on AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Citigroup decreased their price objective on shares of AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Barclays boosted their target price on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Truist Financial reiterated a “buy” rating and set a $108.00 price target (up from $107.00) on shares of AECOM in a report on Wednesday, August 7th. Finally, Robert W. Baird raised their target price on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $105.00.

AECOM Stock Performance

AECOM stock traded up $1.73 during mid-day trading on Friday, reaching $98.16. The company’s stock had a trading volume of 342,169 shares, compared to its average volume of 791,108. The firm’s fifty day moving average price is $90.25 and its two-hundred day moving average price is $91.03. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72. The company has a market capitalization of $13.36 billion, a P/E ratio of -1,090.67, a PEG ratio of 1.47 and a beta of 1.17.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the firm posted $0.94 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. Sell-side analysts predict that AECOM will post 4.42 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Wednesday, July 3rd. AECOM’s dividend payout ratio is presently -977.78%.

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.