Point72 Asset Management L.P. Acquires Shares of 141,024 AECOM (NYSE:ACM)

Point72 Asset Management L.P. purchased a new stake in AECOM (NYSE:ACM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 141,024 shares of the construction company's stock, valued at approximately $15,064,000. Point72 Asset Management L.P. owned 0.11% of AECOM at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Alliancebernstein L.P. lifted its holdings in AECOM by 11.2% during the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock worth $397,196,000 after acquiring an additional 373,991 shares in the last quarter. Norges Bank bought a new position in shares of AECOM during the 4th quarter valued at about $190,495,000. Northern Trust Corp lifted its holdings in shares of AECOM by 53.5% during the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock valued at $177,844,000 after purchasing an additional 580,078 shares in the last quarter. FMR LLC grew its position in shares of AECOM by 2.9% in the 4th quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock valued at $145,330,000 after purchasing an additional 38,177 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in AECOM by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,205,920 shares of the construction company's stock worth $128,820,000 after purchasing an additional 94,880 shares in the last quarter. Institutional investors own 85.41% of the company's stock.

AECOM Stock Down 0.2%

Shares of NYSE ACM traded down $0.18 during mid-day trading on Friday, hitting $107.20. The company had a trading volume of 78,223 shares, compared to its average volume of 914,185. 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 firm has a 50-day simple moving average of $97.71 and a two-hundred day simple moving average of $103.57. The company has a market capitalization of $14.18 billion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. AECOM has a one year low of $82.23 and a one year high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.10. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. The business's quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM's dividend payout ratio is currently 22.66%.

Analyst Ratings Changes

A number of brokerages have weighed in on ACM. Barclays lifted their price target on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Citigroup upped their target price on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. KeyCorp lowered their target price on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Royal Bank of Canada boosted their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Truist Financial reduced their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $119.00.

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.