Renaissance Technologies LLC decreased its stake in AECOM (NYSE:ACM - Free Report) by 37.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,477 shares of the construction company's stock after selling 198,700 shares during the period. Renaissance Technologies LLC owned 0.25% of AECOM worth $34,874,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in AECOM by 11.2% during 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 period. Geode Capital Management LLC boosted its position in AECOM by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company's stock worth $233,918,000 after purchasing an additional 14,511 shares during the period. Norges Bank bought a new stake in shares of AECOM during the fourth quarter valued at about $190,495,000. FMR LLC boosted its position in shares of AECOM by 2.9% during the 4th quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock valued at $145,330,000 after acquiring an additional 38,177 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in AECOM by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 893,903 shares of the construction company's stock worth $95,487,000 after buying an additional 6,513 shares during the last quarter. 85.41% of the stock is owned by institutional investors.
AECOM Trading Down 0.5 %
NYSE:ACM traded down $0.49 on Tuesday, reaching $93.82. The stock had a trading volume of 615,689 shares, compared to its average volume of 894,481. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 1.63 and a beta of 1.03. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The firm's fifty day moving average is $96.50 and its two-hundred day moving average is $104.41.
AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Equities analysts expect that AECOM will post 5.1 EPS for the current fiscal year.
AECOM Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be given a $0.26 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.11%. AECOM's dividend payout ratio (DPR) is presently 29.55%.
Analyst Ratings Changes
A number of brokerages have recently commented on ACM. Barclays boosted their target price on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. KeyCorp cut their target price on AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Robert W. Baird decreased their price target on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. Citigroup reduced their price target on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Truist Financial decreased their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $119.38.
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AECOM Profile
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Free Report)
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.
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