Barrow Hanley Mewhinney & Strauss LLC Has $206.18 Million Position in AECOM (NYSE:ACM)

Barrow Hanley Mewhinney & Strauss LLC grew its position in AECOM (NYSE:ACM) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,339,185 shares of the construction company’s stock after acquiring an additional 122,015 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 1.72% of AECOM worth $206,176,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Findlay Park Partners LLP lifted its stake in AECOM by 22.6% in the 1st quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock valued at $251,215,000 after purchasing an additional 472,944 shares during the last quarter. Impax Asset Management Group plc boosted its stake in shares of AECOM by 15.5% during the 2nd quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock worth $154,464,000 after acquiring an additional 235,350 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of AECOM by 18.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock worth $143,573,000 after acquiring an additional 258,250 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in AECOM by 2.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 980,228 shares of the construction company’s stock valued at $96,141,000 after acquiring an additional 26,079 shares during the period. Finally, First Trust Advisors LP lifted its holdings in AECOM by 9.9% during the 4th quarter. First Trust Advisors LP now owns 886,451 shares of the construction company’s stock valued at $81,935,000 after purchasing an additional 79,760 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Stock Performance

ACM opened at $101.19 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a 52-week low of $74.40 and a 52-week high of $102.26. The firm has a market cap of $13.77 billion, a P/E ratio of -1,124.33, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17. The business’s fifty day moving average is $94.62 and its 200-day moving average is $92.29.

AECOM (NYSE:ACM) last released its earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the firm earned $0.94 EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Sell-side analysts expect that AECOM will post 4.46 EPS for the current fiscal year.

AECOM Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ACM shares. Citigroup dropped their price objective on shares of AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Robert W. Baird increased their price target on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Barclays upped their target price on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Truist Financial reiterated a “buy” rating and set a $108.00 target price (up previously from $107.00) on shares of AECOM in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada upped their price objective on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $105.00.

About AECOM

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.