Barrow Hanley Mewhinney & Strauss LLC Decreases Stock Holdings in AECOM (NYSE:ACM)

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in shares of AECOM (NYSE:ACM) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Securities Inc. lifted its position in shares of AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after buying an additional 116 shares during the last quarter. Allworth Financial LP lifted its position in AECOM by 390.6% during the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after acquiring an additional 207 shares during the last quarter. National Pension Service purchased a new stake in AECOM during the fourth quarter valued at approximately $32,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in AECOM in the fourth quarter valued at approximately $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in AECOM in the fourth quarter worth $51,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ACM. Royal Bank of Canada increased their price objective on AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Robert W. Baird increased their price target on AECOM from $108.00 to $118.00 and gave the company an “outperform” rating in a research note on Tuesday, May 6th. Citigroup boosted their price target on AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Barclays upped their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Truist Financial lowered their target price on shares of AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $119.00.

AECOM Stock Down 0.1%

AECOM stock opened at $107.32 on Friday. The business’s 50-day simple moving average is $97.71 and its two-hundred day simple moving average is $103.57. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $14.20 billion, a PE ratio of 30.49, a PEG ratio of 1.63 and a beta of 0.96. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56.

AECOM (NYSE:ACM) last issued its earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $1.04 earnings per share. AECOM’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were given 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 0.97%. AECOM’s dividend payout ratio is presently 22.66%.

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.