Dimensional Fund Advisors LP Acquires 94,880 Shares of AECOM (NYSE:ACM)

Dimensional Fund Advisors LP lifted its holdings in AECOM (NYSE:ACM) by 8.5% in the 4th quarter, Holdings Channel.com reports. 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’s holdings in AECOM were worth $128,820,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Franklin Resources Inc. lifted its position in shares of AECOM by 1.5% during the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock valued at $655,000 after buying an additional 91 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in AECOM during the third quarter valued at approximately $2,928,000. JPMorgan Chase & Co. boosted its stake 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 in the last quarter. GAMMA Investing LLC grew its holdings in AECOM by 35.3% in the fourth quarter. GAMMA Investing LLC now owns 1,528 shares of the construction company’s stock worth $163,000 after purchasing an additional 399 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of AECOM during the fourth quarter worth $458,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

AECOM Price Performance

ACM stock opened at $97.34 on Friday. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. 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 has a market cap of $12.91 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. The business has a fifty day moving average of $94.78 and a two-hundred day moving average of $103.85.

AECOM (NYSE:ACM) last posted its quarterly earnings data 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%. As a group, research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. AECOM’s payout ratio is 29.55%.

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.