State of New Jersey Common Pension Fund D Lowers Stake in AECOM $ACM

State of New Jersey Common Pension Fund D cut its position in shares of AECOM (NYSE:ACM) by 2.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,904 shares of the construction company’s stock after selling 1,008 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in AECOM were worth $4,616,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Keeler Thomas Management LLC purchased a new position in AECOM in the second quarter valued at approximately $1,404,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of AECOM by 6.5% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 278,529 shares of the construction company’s stock worth $31,435,000 after acquiring an additional 17,121 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of AECOM by 5.8% in the 2nd quarter. Asset Management One Co. Ltd. now owns 117,637 shares of the construction company’s stock valued at $13,277,000 after acquiring an additional 6,431 shares during the period. R Squared Ltd purchased a new position in shares of AECOM in the 2nd quarter valued at $272,000. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of AECOM during the 2nd quarter valued at $202,000. 85.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of AECOM in a research report on Wednesday, October 8th. National Bank Financial assumed coverage on AECOM in a report on Wednesday, October 8th. They set an “outperform” rating and a $151.00 target price on the stock. Citigroup upped their price target on AECOM from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, October 20th. KeyCorp lifted their price objective on shares of AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Bank of America upped their target price on shares of AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, AECOM has an average rating of “Buy” and an average target price of $137.30.

Insider Transactions at AECOM

In other AECOM news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $119.56, for a total value of $6,348,277.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is owned by corporate insiders.

AECOM Trading Down 0.3%

Shares of NYSE ACM opened at $132.44 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The stock’s 50 day moving average price is $128.46 and its two-hundred day moving average price is $115.90. AECOM has a 52-week low of $85.00 and a 52-week high of $134.88. The stock has a market capitalization of $17.54 billion, a P/E ratio of 28.85, a PEG ratio of 1.95 and a beta of 1.03.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Wednesday, October 1st were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, October 1st. This represents a $1.04 annualized dividend and a yield of 0.8%. AECOM’s dividend payout ratio is 22.66%.

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.