Texas Permanent School Fund Corp Sells 794 Shares of AECOM (NYSE:ACM)

Texas Permanent School Fund Corp reduced its stake in shares of AECOM (NYSE:ACM) by 0.7% during the first quarter, Holdings Channel reports. The institutional investor owned 119,047 shares of the construction company’s stock after selling 794 shares during the quarter. Texas Permanent School Fund Corp’s holdings in AECOM were worth $11,676,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ACM. Ables Iannone Moore & Associates Inc. bought a new position in shares of AECOM during the fourth quarter valued at about $28,000. Creekmur Asset Management LLC purchased a new stake in shares of AECOM during the fourth quarter worth about $28,000. Rise Advisors LLC purchased a new stake in shares of AECOM during the first quarter worth about $31,000. GAMMA Investing LLC purchased a new stake in shares of AECOM during the fourth quarter worth about $35,000. Finally, Headlands Technologies LLC purchased a new stake in shares of AECOM during the fourth quarter worth about $40,000. 85.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Douglas Stotlar sold 7,179 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $93.51, for a total transaction of $671,308.29. Following the completion of the sale, the director now owns 34,667 shares of the company’s stock, valued at approximately $3,241,711.17. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by insiders.

AECOM Stock Up 0.6 %

Shares of ACM traded up $0.50 on Friday, hitting $86.64. 8,828 shares of the stock traded hands, compared to its average volume of 762,927. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.06. AECOM has a one year low of $74.40 and a one year high of $98.72. The business has a 50 day simple moving average of $88.29 and a 200 day simple moving average of $90.51.

AECOM (NYSE:ACM) last posted its earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities analysts forecast that AECOM will post 4.47 EPS for the current year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Wednesday, July 3rd. AECOM’s dividend payout ratio (DPR) is presently -977.67%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. KeyCorp increased their target price on shares of AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Truist Financial dropped their target price on shares of AECOM from $113.00 to $107.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Citigroup raised their price objective on shares of AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Robert W. Baird lowered their price objective on shares of AECOM from $110.00 to $96.00 and set an “outperform” rating for the company in a report on Monday. Finally, UBS Group lifted their target price on shares of AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM has an average rating of “Buy” and an average target price of $104.75.

AECOM Company 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.