Oregon Public Employees Retirement Fund Sells 5,378 Shares of AECOM (NYSE:ACM)

Oregon Public Employees Retirement Fund lessened its stake in shares of AECOM (NYSE:ACM) by 16.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,262 shares of the construction company’s stock after selling 5,378 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in AECOM were worth $2,491,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Whalen Wealth Management Inc. boosted its holdings in AECOM by 91.8% in the second quarter. Whalen Wealth Management Inc. now owns 9,583 shares of the construction company’s stock worth $845,000 after acquiring an additional 4,587 shares in the last quarter. Princeton Capital Management LLC lifted its holdings in shares of AECOM by 5.3% in the 2nd quarter. Princeton Capital Management LLC now owns 13,996 shares of the construction company’s stock worth $1,234,000 after purchasing an additional 706 shares in the last quarter. Nilsine Partners LLC grew its position in AECOM by 1.1% in the 2nd quarter. Nilsine Partners LLC now owns 13,981 shares of the construction company’s stock valued at $1,232,000 after purchasing an additional 152 shares during the period. Commonwealth Equity Services LLC grew its position in AECOM by 2.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 41,538 shares of the construction company’s stock valued at $3,661,000 after purchasing an additional 833 shares during the period. Finally, Rothschild Investment LLC bought a new stake in AECOM during the 2nd quarter valued at $67,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ACM shares. UBS Group raised their price objective on shares of AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. KeyCorp raised their price target on shares of AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Barclays boosted their price objective on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Robert W. Baird increased their price objective on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Truist Financial reaffirmed a “buy” rating and set a $108.00 target price (up previously from $107.00) on shares of AECOM in a research report on Wednesday, August 7th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $105.00.

AECOM Stock Down 0.9 %

Shares of NYSE:ACM opened at $95.60 on Friday. AECOM has a 1 year low of $74.40 and a 1 year high of $102.26. The company has a market capitalization of $13.01 billion, a PE ratio of -1,062.22, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17. The business has a fifty day moving average price of $91.89 and a two-hundred day moving average price of $91.61. 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 posted its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. Analysts forecast that AECOM will post 4.46 earnings per share for the current year.

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.