Retirement Systems of Alabama Purchases 154 Shares of AECOM (NYSE:ACM)

Retirement Systems of Alabama lifted its stake in shares of AECOM (NYSE:ACM) by 0.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 314,894 shares of the construction company’s stock after purchasing an additional 154 shares during the quarter. Retirement Systems of Alabama owned 0.24% of AECOM worth $33,637,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of AECOM by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company’s stock valued at $233,918,000 after purchasing an additional 14,511 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of AECOM by 17.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock valued at $205,429,000 after purchasing an additional 289,513 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after purchasing an additional 220,035 shares during the last quarter. Citigroup Inc. grew its holdings in shares of AECOM by 5.7% during the 3rd quarter. Citigroup Inc. now owns 585,174 shares of the construction company’s stock valued at $60,431,000 after purchasing an additional 31,299 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of AECOM during the 3rd quarter valued at approximately $42,201,000. 85.41% of the stock is owned by institutional investors.

AECOM Trading Up 0.9 %

NYSE:ACM opened at $105.07 on Thursday. The firm’s fifty day moving average is $109.11 and its 200-day moving average is $104.20. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The firm has a market cap of $13.94 billion, a P/E ratio of 35.50, a P/E/G ratio of 1.80 and a beta of 1.19.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.50% and a return on equity of 25.46%. Equities analysts expect that AECOM will post 5.08 earnings per share for the current year.

AECOM declared that its board has initiated a share buyback plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 6.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, January 2nd. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is presently 35.14%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. KeyCorp reduced their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Citigroup reduced their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Robert W. Baird reduced their target price on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $118.50.

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.