AECOM (NYSE:ACM) Price Target Raised to $116.00 at Citigroup

AECOM (NYSE:ACM) had its price target raised by Citigroup from $107.00 to $116.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Other equities analysts have also issued research reports about the stock. KeyCorp increased their target price on shares of AECOM from $104.00 to $105.00 and gave the company an overweight rating in a research report on Friday, April 19th. Robert W. Baird increased their target price on shares of AECOM from $100.00 to $103.00 and gave the company an outperform rating in a research report on Tuesday, February 6th. Truist Financial assumed coverage on shares of AECOM in a research report on Thursday, March 14th. They issued a buy rating and a $106.00 target price for the company. Barclays increased their target price on shares of AECOM from $90.00 to $100.00 and gave the company an overweight rating in a research report on Tuesday, February 13th. Finally, TheStreet upgraded shares of AECOM from a c+ rating to a b rating in a research report on Monday, February 5th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of Buy and an average target price of $105.43.

AECOM Stock Down 0.4 %

Shares of NYSE:ACM opened at $93.62 on Monday. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 208.05, a price-to-earnings-growth ratio of 1.40 and a beta of 1.24. AECOM has a 1-year low of $74.40 and a 1-year high of $98.72. The company’s fifty day moving average is $93.10 and its two-hundred day moving average is $88.96. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05.

AECOM (NYSE:ACM) last released its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.92 by $0.13. The business had revenue of $3.90 billion during the quarter. AECOM had a net margin of 0.42% and a return on equity of 21.45%. During the same quarter in the prior year, the company posted $0.86 EPS. Equities analysts anticipate that AECOM will post 4.43 EPS for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Tuesday, April 23rd. AECOM’s dividend payout ratio is presently 195.56%.

Institutional Trading of AECOM

A number of hedge funds have recently bought and sold shares of ACM. Norges Bank purchased a new stake in AECOM during the fourth quarter valued at about $159,060,000. Findlay Park Partners LLP lifted its stake in AECOM by 21.8% during the fourth quarter. Findlay Park Partners LLP now owns 2,088,383 shares of the construction company’s stock valued at $193,029,000 after buying an additional 374,250 shares in the last quarter. Payden & Rygel Investment Group purchased a new stake in AECOM during the third quarter valued at about $24,669,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in AECOM by 868.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 143,554 shares of the construction company’s stock valued at $11,921,000 after buying an additional 128,728 shares in the last quarter. Finally, Pinnbrook Capital Management LP purchased a new stake in AECOM during the fourth quarter valued at about $10,168,000. 85.41% of the stock is owned by hedge funds and other 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.