Truist Financial Issues Pessimistic Forecast for AECOM (NYSE:ACM) Stock Price

AECOM (NYSE:ACM) had its price target trimmed by Truist Financial from $129.00 to $121.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Several other equities research analysts also recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Citigroup decreased their target price on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. KeyCorp dropped their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Barclays raised their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, AECOM has a consensus rating of “Buy” and a consensus price target of $119.38.

AECOM Trading Down 1.9 %

Shares of NYSE ACM opened at $93.19 on Tuesday. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. The stock’s 50 day simple moving average is $96.93 and its 200 day simple moving average is $104.52. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Equities research analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s payout ratio is 29.55%.

Institutional Investors Weigh In On AECOM

A number of institutional investors have recently bought and sold shares of the business. Somerset Trust Co increased its stake in shares of AECOM by 29.8% in the first quarter. Somerset Trust Co now owns 4,690 shares of the construction company’s stock worth $435,000 after acquiring an additional 1,076 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of AECOM by 56.3% during the 1st quarter. Rothschild Investment LLC now owns 1,180 shares of the construction company’s stock valued at $109,000 after buying an additional 425 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of AECOM by 9,543.2% in the 1st quarter. GAMMA Investing LLC now owns 147,348 shares of the construction company’s stock valued at $13,664,000 after buying an additional 145,820 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in AECOM by 148.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company’s stock worth $55,000 after buying an additional 354 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in AECOM by 5.0% during the fourth quarter. Wellington Management Group LLP now owns 12,602 shares of the construction company’s stock valued at $1,346,000 after acquiring an additional 603 shares in the last quarter. 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.