Louisiana State Employees Retirement System Sells 1,300 Shares of AECOM (NYSE:ACM)

Louisiana State Employees Retirement System lessened its holdings in AECOM (NYSE:ACM) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,200 shares of the construction company’s stock after selling 1,300 shares during the period. Louisiana State Employees Retirement System’s holdings in AECOM were worth $3,842,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Ballentine Partners LLC grew its stake in shares of AECOM by 4.1% in the 3rd quarter. Ballentine Partners LLC now owns 3,992 shares of the construction company’s stock worth $412,000 after buying an additional 158 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of AECOM by 46.0% in the 3rd quarter. IFM Investors Pty Ltd now owns 27,644 shares of the construction company’s stock valued at $2,855,000 after acquiring an additional 8,705 shares during the last quarter. Great Lakes Retirement Inc. grew its position in AECOM by 9.9% in the third quarter. Great Lakes Retirement Inc. now owns 13,078 shares of the construction company’s stock worth $1,351,000 after acquiring an additional 1,182 shares in the last quarter. International Assets Investment Management LLC bought a new stake in AECOM during the third quarter worth approximately $42,201,000. Finally, Sierra Capital LLC raised its position in AECOM by 3.3% during the third quarter. Sierra Capital LLC now owns 5,509 shares of the construction company’s stock valued at $569,000 after purchasing an additional 178 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ACM shares. KeyCorp lifted their target price on AECOM from $99.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Robert W. Baird boosted their price objective on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Citigroup raised their target price on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Truist Financial raised their price objective on shares of AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $112.29.

AECOM Price Performance

Shares of ACM stock opened at $104.49 on Friday. The company has a market capitalization of $14.22 billion, a P/E ratio of -1,161.00, a P/E/G ratio of 1.58 and a beta of 1.17. The company’s 50-day simple moving average is $101.22 and its two-hundred day simple moving average is $93.98. AECOM has a one year low of $74.40 and a one year high of $108.26. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the business posted $0.94 EPS. AECOM’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, equities analysts anticipate that AECOM will post 4.46 EPS for the current year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is -977.78%.

AECOM 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.