D. E. Shaw & Co. Inc. Has $2.43 Million Stake in AECOM (NYSE:ACM)

D. E. Shaw & Co. Inc. trimmed its stake in AECOM (NYSE:ACM) by 73.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,731 shares of the construction company’s stock after selling 61,364 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in AECOM were worth $2,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ACM. Alliancebernstein L.P. lifted its position in shares of 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 purchasing an additional 373,991 shares during the last quarter. Norges Bank bought a new position in AECOM in the 4th quarter worth approximately $190,495,000. Northern Trust Corp lifted its holdings in shares of AECOM by 53.5% during the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company’s stock worth $177,844,000 after buying an additional 580,078 shares during the last quarter. FMR LLC boosted its position in shares of AECOM by 2.9% in the fourth 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 period. Finally, Dimensional Fund Advisors LP grew its stake in shares of AECOM by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,205,920 shares of the construction company’s stock worth $128,820,000 after acquiring an additional 94,880 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Trading Down 0.1%

AECOM stock opened at $108.82 on Wednesday. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The stock has a 50-day simple moving average of $97.23 and a 200 day simple moving average of $103.55. 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 stock has a market capitalization of $14.40 billion, a P/E ratio of 30.91, a PEG ratio of 1.63 and a beta of 0.96.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.10. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.18 billion. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. Analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently declared 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM’s payout ratio is 22.66%.

Analyst Ratings Changes

Several equities analysts have commented on ACM shares. Robert W. Baird upped their price target on AECOM from $108.00 to $118.00 and gave the company an “outperform” rating in a report on Tuesday, May 6th. Barclays lifted their price target on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Citigroup increased their price objective on shares of AECOM from $116.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Truist Financial reduced their price objective on shares of AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, KeyCorp lowered their target price on shares of AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $119.00.

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.