Teachers Retirement System of The State of Kentucky lessened its stake in AECOM (NYSE:ACM – Get Rating) by 6.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,291 shares of the construction company’s stock after selling 1,400 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in AECOM were worth $1,559,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of ACM. Invesco Ltd. raised its holdings in shares of AECOM by 39.2% in the 1st quarter. Invesco Ltd. now owns 3,456,275 shares of the construction company’s stock worth $265,478,000 after purchasing an additional 972,449 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of AECOM in the 1st quarter worth approximately $22,480,000. Federated Hermes Inc. raised its holdings in shares of AECOM by 110.6% in the 1st quarter. Federated Hermes Inc. now owns 459,259 shares of the construction company’s stock worth $35,276,000 after purchasing an additional 241,164 shares during the period. Lombard Odier Asset Management Europe Ltd purchased a new position in AECOM in the 1st quarter valued at approximately $18,242,000. Finally, AGF Investments Inc. grew its stake in AECOM by 17.2% in the 1st quarter. AGF Investments Inc. now owns 1,576,000 shares of the construction company’s stock valued at $121,053,000 after buying an additional 231,192 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.
AECOM Stock Down 1.0 %
ACM opened at $71.04 on Thursday. The company has a fifty day moving average price of $72.24 and a 200-day moving average price of $71.34. The firm has a market capitalization of $9.92 billion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 1.43 and a beta of 1.38. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.06 and a quick ratio of 1.06. AECOM has a one year low of $60.74 and a one year high of $79.97.
AECOM Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Wednesday, October 5th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Tuesday, October 4th. AECOM’s dividend payout ratio is currently 28.57%.
Analyst Upgrades and Downgrades
ACM has been the subject of a number of recent research reports. Robert W. Baird lifted their price objective on shares of AECOM from $82.00 to $89.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. Credit Suisse Group lifted their price objective on shares of AECOM to $81.00 in a research note on Monday, August 15th. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. Finally, Citigroup reduced their price objective on shares of AECOM from $92.00 to $85.00 in a research note on Friday, July 22nd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, AECOM presently has a consensus rating of “Moderate Buy” and an average price target of $88.38.
AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through 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 commercial and government clients.
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