Robert W. Baird Issues Positive Forecast for AECOM (NYSE:ACM) Stock Price

AECOM (NYSE:ACM) had its target price lifted by Robert W. Baird from $108.00 to $118.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the construction company’s stock.

ACM has been the topic of several other reports. Citigroup cut their target price on shares of AECOM from $127.00 to $116.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Barclays increased their price objective on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. KeyCorp lowered their target price on AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, Truist Financial reduced their price target on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $119.00.

AECOM Trading Up 2.7 %

Shares of AECOM stock opened at $104.28 on Tuesday. The stock has a 50 day moving average of $95.26 and a 200 day moving average of $103.51. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 1.63 and a beta of 0.96. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56.

AECOM (NYSE:ACM) last announced its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the company earned $1.04 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were given a $0.26 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.00%. AECOM’s dividend payout ratio (DPR) is presently 29.55%.

Institutional Trading of AECOM

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of AECOM during the fourth quarter worth about $190,495,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of AECOM by 34.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company’s stock valued at $286,305,000 after purchasing an additional 691,020 shares during the last quarter. Northern Trust Corp increased its holdings in shares of AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company’s stock valued at $177,844,000 after purchasing an additional 580,078 shares during the period. Alliancebernstein L.P. raised its stake in shares of AECOM by 11.2% during the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company’s stock worth $397,196,000 after purchasing an additional 373,991 shares during the last quarter. Finally, Sandhill Capital Partners LLC acquired a new stake in shares of AECOM during the fourth quarter worth $36,933,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

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.