Maryland State Retirement & Pension System Has $763,000 Stake in AECOM (NYSE:ACM)

Maryland State Retirement & Pension System cut its position in AECOM (NYSE:ACM) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,142 shares of the construction company’s stock after selling 611 shares during the period. Maryland State Retirement & Pension System’s holdings in AECOM were worth $763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. lifted its holdings in shares of AECOM by 7.7% during the fourth quarter. Xponance Inc. now owns 25,079 shares of the construction company’s stock worth $2,679,000 after buying an additional 1,802 shares in the last quarter. Intech Investment Management LLC increased its position in AECOM by 29.5% during the fourth quarter. Intech Investment Management LLC now owns 80,333 shares of the construction company’s stock worth $8,581,000 after acquiring an additional 18,283 shares during the period. Advisors Asset Management Inc. raised its stake in AECOM by 10.3% in the 4th quarter. Advisors Asset Management Inc. now owns 44,537 shares of the construction company’s stock worth $4,757,000 after purchasing an additional 4,147 shares in the last quarter. Twin Tree Management LP bought a new stake in AECOM in the 4th quarter valued at about $2,476,000. Finally, Glenview Trust co acquired a new position in shares of AECOM during the 4th quarter worth approximately $778,000. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Stock Performance

AECOM stock opened at $95.96 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a market cap of $12.73 billion, a PE ratio of 27.26, a P/E/G ratio of 1.63 and a beta of 1.22. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The business’s 50-day moving average price is $101.53 and its two-hundred day moving average price is $105.20.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. As a group, analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) is 29.55%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ACM shares. Robert W. Baird cut their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. KeyCorp cut their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Citigroup decreased their price target on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Barclays upped their price objective on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM currently has a consensus rating of “Buy” and an average target price of $120.38.

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.