AECOM (NYSE:ACM) Given New $115.00 Price Target at KeyCorp

AECOM (NYSE:ACM) had its price target raised by KeyCorp from $99.00 to $115.00 in a report released on Monday, Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Other analysts also recently issued reports about the stock. Royal Bank of Canada lifted their price target on shares of AECOM from $112.00 to $113.00 and gave the company an outperform rating in a report on Wednesday, August 7th. Citigroup lowered their price objective on AECOM from $116.00 to $104.00 and set a buy rating for the company in a research note on Monday, July 22nd. Truist Financial boosted their target price on AECOM from $108.00 to $119.00 and gave the company a buy rating in a research report on Friday, October 4th. 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 research note on Wednesday, August 7th. Finally, Barclays boosted their target price on shares of AECOM from $100.00 to $105.00 and gave the company an overweight rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, AECOM has an average rating of Moderate Buy and an average target price of $108.86.

AECOM Trading Down 0.8 %

Shares of NYSE:ACM opened at $104.15 on Monday. The stock’s 50-day simple moving average is $98.41 and its two-hundred day simple moving average is $93.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of -1,157.22, a PEG ratio of 1.70 and a beta of 1.17. AECOM has a 52-week low of $74.40 and a 52-week high of $106.00.

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

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd will be issued a $0.22 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 0.84%. AECOM’s dividend payout ratio is presently -977.78%.

Hedge Funds Weigh In On AECOM

A number of large investors have recently made changes to their positions in ACM. TD Asset Management Inc raised its stake in AECOM by 49.6% in the fourth quarter. TD Asset Management Inc now owns 12,429 shares of the construction company’s stock valued at $1,149,000 after buying an additional 4,121 shares during the last quarter. Tower Research Capital LLC TRC raised its position in AECOM by 986.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 19,194 shares of the construction company’s stock worth $1,774,000 after buying an additional 17,427 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in AECOM by 127.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 15,207 shares of the construction company’s stock valued at $1,406,000 after acquiring an additional 8,521 shares during the period. Prudential PLC purchased a new stake in shares of AECOM in the 4th quarter valued at $473,000. Finally, Seven Eight Capital LP purchased a new stake in shares of AECOM in the 4th quarter valued at $971,000. 85.41% of the stock is owned by institutional investors and hedge funds.

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.