Retirement Systems of Alabama Has $33.64 Million Position in AECOM (NYSE:ACM)

Retirement Systems of Alabama lifted its stake in shares of AECOM (NYSE:ACM) by 0.0% during the fourth quarter, Holdings Channel reports. The fund owned 314,894 shares of the construction company’s stock after buying an additional 154 shares during the quarter. Retirement Systems of Alabama’s holdings in AECOM were worth $33,637,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of AECOM by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company’s stock valued at $233,918,000 after acquiring an additional 14,511 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in AECOM by 17.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock worth $205,429,000 after buying an additional 289,513 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after buying an additional 220,035 shares during the last quarter. Citigroup Inc. raised its holdings in AECOM by 5.7% during the third quarter. Citigroup Inc. now owns 585,174 shares of the construction company’s stock worth $60,431,000 after buying an additional 31,299 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in AECOM during the third quarter worth $42,201,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Citigroup lowered their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Robert W. Baird lowered their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday. KeyCorp lowered their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group started coverage on shares of AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective on the stock. Finally, StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has an average rating of “Buy” and a consensus price target of $118.50.

AECOM Stock Performance

NYSE ACM opened at $105.07 on Thursday. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 35.50, a PEG ratio of 1.80 and a beta of 1.19. The company has a fifty day moving average price of $109.11 and a 200-day moving average price of $104.20.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.50% and a return on equity of 25.46%. As a group, equities research analysts predict that AECOM will post 5.08 EPS for the current fiscal year.

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a dividend of $0.26 per share. The ex-dividend date was Thursday, January 2nd. This represents a $1.04 annualized dividend and a yield of 0.99%. This is a positive change from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio is presently 35.14%.

AECOM declared that its board has authorized a stock buyback plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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.