AECOM (NYSE:ACM) Stock Price Expected to Rise, KeyCorp Analyst Says

AECOM (NYSE:ACM) had its price objective upped by KeyCorp from $115.00 to $122.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

A number of other equities research analysts have also recently weighed in on the company. Citigroup boosted their price objective on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Barclays lifted their target price on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Royal Bank of Canada increased their price target on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Finally, Truist Financial boosted their target price on shares of AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $113.29.

AECOM Trading Down 0.3 %

ACM stock traded down $0.33 during midday trading on Thursday, hitting $110.39. 1,232,060 shares of the company’s stock were exchanged, compared to its average volume of 787,433. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The business has a 50-day simple moving average of $103.09 and a two-hundred day simple moving average of $94.92. AECOM has a 1-year low of $78.11 and a 1-year high of $115.74. The stock has a market capitalization of $14.80 billion, a PE ratio of 59.53, a P/E/G ratio of 1.63 and a beta of 1.17.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping 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 company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the business posted $0.94 EPS. The firm’s revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts predict that AECOM will post 4.46 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd were issued a $0.22 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.80%. AECOM’s dividend payout ratio (DPR) is 47.31%.

Insider Activity at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total value of $4,890,416.00. Following the completion of the transaction, the chief financial officer now owns 31,228 shares of the company’s stock, valued at $3,601,837.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.42% of the company’s stock.

Institutional Trading of AECOM

Large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its position in AECOM by 1,082.9% in the first quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company’s stock valued at $3,411,000 after acquiring an additional 31,838 shares in the last quarter. Nordea Investment Management AB grew its holdings in AECOM by 16.2% during the 1st quarter. Nordea Investment Management AB now owns 22,274 shares of the construction company’s stock valued at $2,194,000 after purchasing an additional 3,109 shares in the last quarter. Duality Advisers LP purchased a new stake in AECOM during the 1st quarter worth $248,000. SG Americas Securities LLC lifted its holdings in AECOM by 1,717.1% in the 1st quarter. SG Americas Securities LLC now owns 163,480 shares of the construction company’s stock worth $16,034,000 after buying an additional 154,483 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in AECOM in the 1st quarter valued at about $321,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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.