AECOM (NYSE:ACM) Price Target Raised to $128.00 at Citigroup

AECOM (NYSE:ACM) had its price objective hoisted by Citigroup from $110.00 to $128.00 in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird increased their price objective on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Royal Bank of Canada increased their price objective on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. KeyCorp increased their price objective on shares of AECOM from $99.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. StockNews.com downgraded shares of AECOM from a “buy” rating to a “hold” rating in a research report on Saturday, October 19th. Finally, Truist Financial upped their target price on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, AECOM has a consensus rating of “Moderate Buy” and a consensus price target of $112.29.

AECOM Stock Down 0.5 %

ACM opened at $104.89 on Tuesday. AECOM has a twelve month low of $74.40 and a twelve month high of $108.26. The firm’s 50-day simple moving average is $101.06 and its 200-day simple moving average is $93.95. 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 firm has a market cap of $14.28 billion, a price-to-earnings ratio of -1,165.44, a PEG ratio of 1.58 and a beta of 1.17.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The company’s revenue was up 13.3% on a year-over-year basis. Equities research analysts anticipate that AECOM will post 4.46 EPS for the current fiscal year.

AECOM Announces Dividend

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

Institutional Trading of AECOM

A number of hedge funds have recently modified their holdings of the company. Findlay Park Partners LLP raised its position in shares of AECOM by 22.6% in the 1st quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock valued at $251,215,000 after acquiring an additional 472,944 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of AECOM by 5.5% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company’s stock valued at $206,176,000 after acquiring an additional 122,015 shares during the period. Impax Asset Management Group plc raised its position in shares of AECOM by 15.5% in the 2nd quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock valued at $154,464,000 after acquiring an additional 235,350 shares during the period. Bank of New York Mellon Corp raised its position in shares of AECOM by 18.8% in the 2nd 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 acquiring an additional 258,250 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of AECOM by 2.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 980,228 shares of the construction company’s stock valued at $96,141,000 after acquiring an additional 26,079 shares during the period. 85.41% of the stock is currently 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.