AECOM (NYSE:ACM) Hits New 1-Year High – What’s Next?

AECOM (NYSE:ACM) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $108.41 and last traded at $108.25, with a volume of 423980 shares changing hands. The stock had previously closed at $105.93.

Analyst Ratings Changes

ACM has been the subject of several analyst reports. Citigroup increased their price objective on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. KeyCorp increased their price objective on AECOM from $99.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Royal Bank of Canada increased 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. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Truist Financial upped 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. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $112.29.

AECOM Price Performance

The firm has a 50-day simple moving average of $101.83 and a two-hundred day simple moving average of $94.25. The company has a market capitalization of $14.32 billion, a price-to-earnings ratio of 57.70, a P/E/G ratio of 1.58 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last announced its quarterly earnings results 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. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $1.85 billion. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $0.94 EPS. As a group, analysts predict that AECOM will post 4.46 earnings per share for the current fiscal year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, October 2nd were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $0.88 annualized dividend and a dividend yield of 0.82%. AECOM’s dividend payout ratio is presently 47.31%.

Hedge Funds Weigh In On AECOM

Institutional investors and hedge funds have recently modified their holdings of the business. EntryPoint Capital LLC purchased a new stake in AECOM during the 1st quarter worth approximately $25,000. Family Firm Inc. purchased a new stake in AECOM during the 2nd quarter worth approximately $31,000. UMB Bank n.a. increased its stake in AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after buying an additional 257 shares in the last quarter. Versant Capital Management Inc increased its stake in AECOM by 4,375.0% during the 2nd quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock worth $47,000 after buying an additional 525 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of AECOM during the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Company 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.