Dimensional Fund Advisors LP Grows Stake in AECOM (NYSE:ACM)

Dimensional Fund Advisors LP grew its stake in shares of AECOM (NYSE:ACM - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,205,920 shares of the construction company's stock after acquiring an additional 94,880 shares during the quarter. Dimensional Fund Advisors LP owned about 0.91% of AECOM worth $128,820,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Franklin Resources Inc. boosted its holdings in shares of AECOM by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company's stock valued at $655,000 after purchasing an additional 91 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in AECOM in the third quarter valued at about $2,928,000. JPMorgan Chase & Co. grew its position in AECOM by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock valued at $79,339,000 after acquiring an additional 220,035 shares during the last quarter. GAMMA Investing LLC raised its stake in AECOM by 35.3% during the fourth quarter. GAMMA Investing LLC now owns 1,528 shares of the construction company's stock worth $163,000 after acquiring an additional 399 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in shares of AECOM in the fourth quarter worth about $458,000. 85.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. KeyCorp lowered their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Citigroup lowered their target price on AECOM from $127.00 to $116.00 and set a "buy" rating for the company in a report on Friday, April 25th. Robert W. Baird cut their price target on AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. Truist Financial lowered their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Barclays lifted their target price 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. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM presently has an average rating of "Buy" and a consensus target price of $116.50.

AECOM Stock Performance

Shares of ACM stock traded up $2.21 during trading hours on Thursday, hitting $100.86. 215,593 shares of the company were exchanged, compared to its average volume of 908,006. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $13.38 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 1.63 and a beta of 1.03. The firm has a fifty day simple moving average of $94.70 and a 200 day simple moving average of $103.71. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.03%. AECOM's payout ratio is 29.55%.

AECOM 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.