Barrow Hanley Mewhinney & Strauss LLC Buys 122,015 Shares of AECOM (NYSE:ACM)

Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of AECOM (NYSE:ACM) by 5.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,339,185 shares of the construction company’s stock after purchasing an additional 122,015 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in AECOM were worth $206,176,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Neuberger Berman Group LLC grew its stake in shares of AECOM by 8.1% during the fourth quarter. Neuberger Berman Group LLC now owns 5,209 shares of the construction company’s stock worth $481,000 after buying an additional 392 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in AECOM by 16.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 42,312 shares of the construction company’s stock worth $3,911,000 after purchasing an additional 5,952 shares in the last quarter. United Services Automobile Association acquired a new position in AECOM in the 4th quarter worth about $998,000. Steward Partners Investment Advisory LLC boosted its stake in shares of AECOM by 35,400.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,550 shares of the construction company’s stock valued at $328,000 after purchasing an additional 3,540 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of AECOM by 49.6% during the fourth quarter. TD Asset Management Inc now owns 12,429 shares of the construction company’s stock worth $1,149,000 after purchasing an additional 4,121 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ACM shares. Barclays raised their price objective on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Robert W. Baird lifted their price target on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. KeyCorp boosted their price objective on shares of AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Royal Bank of Canada raised their target price on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Truist Financial reiterated a “buy” rating and issued a $108.00 price target (up previously from $107.00) on shares of AECOM in a research report on Wednesday, August 7th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has a consensus rating of “Buy” and an average target price of $105.00.

AECOM Price Performance

Shares of NYSE ACM opened at $101.19 on Friday. The company has a market capitalization of $13.77 billion, a PE ratio of -1,124.33, a P/E/G ratio of 1.60 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. AECOM has a twelve month low of $74.40 and a twelve month high of $102.26. The firm has a fifty day simple moving average of $94.62 and a 200 day simple moving average of $92.29.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.04. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the company posted $0.94 EPS. The business’s quarterly revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts forecast that AECOM will post 4.46 EPS for the current year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, October 2nd. AECOM’s payout ratio is -977.78%.

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.