AECOM (NYSE:ACM) Sets New 12-Month High at $99.29

AECOM (NYSE:ACM)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $99.29 and last traded at $99.29, with a volume of 28536 shares trading hands. The stock had previously closed at $98.16.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ACM shares. UBS Group raised their price objective on shares of AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Citigroup reduced their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Barclays raised their target price on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Truist Financial reissued a “buy” rating and set a $108.00 price objective (up previously from $107.00) on shares of AECOM in a report on Wednesday, August 7th. Finally, KeyCorp boosted their target price on shares of AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM presently has an average rating of “Buy” and an average price target of $105.00.

AECOM Trading Up 1.4 %

The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $13.56 billion, a price-to-earnings ratio of -1,097.33, a P/E/G ratio of 1.47 and a beta of 1.17. The business’s 50-day simple moving average is $90.25 and its 200-day simple moving average is $91.07.

AECOM (NYSE:ACM) last released its earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $1.85 billion. AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 EPS. On average, research analysts expect that AECOM will post 4.42 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $0.88 annualized dividend and a dividend yield of 0.88%. AECOM’s payout ratio is currently -977.78%.

Institutional Trading of AECOM

A number of hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in AECOM during the fourth quarter worth about $159,060,000. Ninety One UK Ltd acquired a new position in shares of AECOM in the 2nd quarter valued at approximately $46,109,000. Findlay Park Partners LLP increased its stake in AECOM by 22.6% during the 1st quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock worth $251,215,000 after purchasing an additional 472,944 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in AECOM by 451.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 481,769 shares of the construction company’s stock worth $47,617,000 after buying an additional 394,481 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in AECOM by 18.8% in the second quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock valued at $143,573,000 after buying an additional 258,250 shares in the last quarter. 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.