Barrow Hanley Mewhinney & Strauss LLC Sells 84,227 Shares of AECOM (NYSE:ACM)

Barrow Hanley Mewhinney & Strauss LLC lessened its stake in shares of AECOM (NYSE:ACM - Free Report) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,205,755 shares of the construction company's stock after selling 84,227 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 1.66% of AECOM worth $235,619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACM. Norges Bank bought a new position in shares of AECOM during the 4th quarter worth about $190,495,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AECOM by 34.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company's stock worth $286,305,000 after acquiring an additional 691,020 shares during the last quarter. Northern Trust Corp raised its holdings in shares of AECOM by 53.5% in the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock worth $177,844,000 after acquiring an additional 580,078 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of AECOM by 11.2% in the 4th 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 during the last quarter. Finally, Sandhill Capital Partners LLC acquired a new stake in shares of AECOM in the 4th quarter worth about $36,933,000. Institutional investors own 85.41% of the company's stock.

Analyst Ratings Changes

ACM has been the topic of a number of analyst reports. Truist Financial lowered their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Barclays upped their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a report 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 report on Wednesday, May 7th. Royal Bank of Canada increased their price objective on shares of AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, KeyCorp dropped their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $120.86.

AECOM Stock Performance

Shares of AECOM stock traded up $0.15 during trading hours on Friday, hitting $107.52. 537,047 shares of the company's stock traded hands, compared to its average volume of 917,583. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The stock has a market capitalization of $14.23 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 1.63 and a beta of 0.96. The company has a fifty day simple moving average of $97.95 and a 200-day simple moving average of $103.43. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14.

AECOM (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the firm posted $1.04 EPS. The business's revenue was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

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

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.