AQR Capital Management LLC Reduces Position in AECOM (NYSE:ACM)

AQR Capital Management LLC cut its position in AECOM (NYSE:ACM - Free Report) by 5.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 590,960 shares of the construction company's stock after selling 33,861 shares during the quarter. AQR Capital Management LLC owned about 0.45% of AECOM worth $63,126,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oddo BHF Asset Management Sas acquired a new position in shares of AECOM in the 3rd quarter valued at approximately $2,928,000. JPMorgan Chase & Co. increased its stake in shares of AECOM by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock valued at $79,339,000 after purchasing an additional 220,035 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of AECOM by 35.3% during the 4th quarter. GAMMA Investing LLC now owns 1,528 shares of the construction company's stock worth $163,000 after buying an additional 399 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of AECOM during the 4th quarter worth $458,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in AECOM by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock valued at $809,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Trading Up 2.2 %

ACM traded up $2.17 during trading on Friday, reaching $102.42. 1,324,814 shares of the stock traded hands, compared to its average volume of 916,878. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock's 50-day moving average is $94.90 and its 200 day moving average is $103.62. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The stock has a market capitalization of $13.58 billion, a PE ratio of 29.10, a P/E/G ratio of 1.63 and a beta of 1.03.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. Equities analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.02%. AECOM's dividend payout ratio (DPR) is presently 29.55%.

Analyst Ratings Changes

A number of research firms recently issued reports on ACM. Barclays upped their price objective on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Truist Financial dropped their target price on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Citigroup lowered their price objective on AECOM from $127.00 to $116.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Robert W. Baird reduced their target price on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a report on Tuesday, February 4th. Finally, KeyCorp dropped their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has a consensus rating of "Buy" and an average target price of $116.50.

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.