AECOM (NYSE:ACM) Price Target Raised to $130.00

AECOM (NYSE:ACM) had its price target hoisted by Barclays from $120.00 to $130.00 in a research report released on Tuesday,Benzinga reports. Barclays currently has an overweight rating on the construction company’s stock.

ACM has been the subject of several other research reports. Bank of America increased their target price on shares of AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Robert W. Baird increased their target price on shares of AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. KeyCorp increased their target price on shares of AECOM from $129.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. UBS Group increased their target price on shares of AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada raised their target price on shares of AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM currently has a consensus rating of “Buy” and a consensus price target of $128.44.

AECOM Stock Performance

Shares of ACM opened at $120.88 on Tuesday. AECOM has a 12 month low of $85.00 and a 12 month high of $121.73. The firm has a fifty day simple moving average of $113.62 and a 200 day simple moving average of $104.54. The stock has a market capitalization of $16.01 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 1.77 and a beta of 0.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

AECOM (NYSE:ACM) last announced its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.25 by $0.09. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. Research analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. AECOM’s dividend payout ratio (DPR) is currently 22.66%.

Hedge Funds Weigh In On AECOM

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Archer Investment Corp boosted its position in AECOM by 9.3% during the second quarter. Archer Investment Corp now owns 1,175 shares of the construction company’s stock worth $133,000 after purchasing an additional 100 shares during the period. Cordatus Wealth Management LLC boosted its position in AECOM by 3.7% during the first quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company’s stock worth $266,000 after purchasing an additional 101 shares during the period. Pallas Capital Advisors LLC boosted its position in AECOM by 2.1% during the second quarter. Pallas Capital Advisors LLC now owns 5,214 shares of the construction company’s stock worth $588,000 after purchasing an additional 107 shares during the period. Allworth Financial LP boosted its position in AECOM by 38.5% during the second quarter. Allworth Financial LP now owns 392 shares of the construction company’s stock worth $44,000 after purchasing an additional 109 shares during the period. Finally, Private Trust Co. NA boosted its position in AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock worth $38,000 after purchasing an additional 112 shares during the period. 85.41% of the stock is owned by institutional investors.

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.