State of New Jersey Common Pension Fund D Lowers Stock Holdings in AECOM (NYSE:ACM)

State of New Jersey Common Pension Fund D lessened its stake in shares of AECOM (NYSE:ACMFree Report) by 3.1% during the third quarter, HoldingsChannel reports. The firm owned 68,972 shares of the construction company’s stock after selling 2,232 shares during the period. State of New Jersey Common Pension Fund D’s holdings in AECOM were worth $5,727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of AECOM by 8.3% in the second quarter. BlackRock Inc. now owns 17,199,288 shares of the construction company’s stock worth $1,456,608,000 after acquiring an additional 1,317,576 shares in the last quarter. State Street Corp lifted its stake in shares of AECOM by 5.9% in the second quarter. State Street Corp now owns 4,833,820 shares of the construction company’s stock worth $409,376,000 after acquiring an additional 269,202 shares in the last quarter. Invesco Ltd. lifted its stake in shares of AECOM by 39.2% in the first quarter. Invesco Ltd. now owns 3,456,275 shares of the construction company’s stock worth $265,478,000 after acquiring an additional 972,449 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of AECOM by 3.4% in the second quarter. JPMorgan Chase & Co. now owns 3,427,423 shares of the construction company’s stock worth $290,268,000 after acquiring an additional 112,357 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its stake in shares of AECOM by 106,750.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,422,418 shares of the construction company’s stock worth $290,666,000 after acquiring an additional 3,419,215 shares in the last quarter. Institutional investors and hedge funds own 84.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on ACM. TheStreet upgraded AECOM from a “c+” rating to a “b” rating in a research note on Monday, February 5th. Robert W. Baird upped their price objective on AECOM from $100.00 to $103.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. KeyCorp started coverage on AECOM in a research note on Wednesday, January 10th. They set an “overweight” rating and a $104.00 price objective on the stock. Citigroup lowered their target price on AECOM from $105.00 to $93.00 and set a “buy” rating for the company in a report on Monday, October 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $109.00 target price on shares of AECOM in a report on Wednesday, February 7th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM currently has a consensus rating of “Buy” and a consensus price target of $101.60.

View Our Latest Stock Report on AECOM

Insiders Place Their Bets

In other AECOM news, President Lara Poloni sold 30,692 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $92.50, for a total value of $2,839,010.00. Following the completion of the sale, the president now directly owns 53,752 shares in the company, valued at $4,972,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, President Lara Poloni sold 30,692 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $92.50, for a total transaction of $2,839,010.00. Following the completion of the sale, the president now owns 53,752 shares in the company, valued at approximately $4,972,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas Stotlar sold 9,641 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $86.76, for a total value of $836,453.16. Following the sale, the director now owns 39,818 shares of the company’s stock, valued at approximately $3,454,609.68. The disclosure for this sale can be found here. Insiders sold 65,333 shares of company stock worth $5,994,463 over the last ninety days. Company insiders own 0.42% of the company’s stock.

AECOM Stock Performance

ACM opened at $90.17 on Tuesday. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of 200.38, a price-to-earnings-growth ratio of 1.34 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05. AECOM has a 1-year low of $74.40 and a 1-year high of $94.01. The business has a 50 day moving average price of $90.32 and a two-hundred day moving average price of $86.18.

AECOM (NYSE:ACMGet Free Report) last released its earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The firm had revenue of $3.90 billion during the quarter. AECOM had a return on equity of 21.45% and a net margin of 0.42%. During the same quarter last year, the company earned $0.86 earnings per share. Research analysts predict that AECOM will post 4.4 EPS for the current fiscal year.

AECOM announced that its board has initiated a share buyback plan on Monday, November 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy up to 8.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

AECOM Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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